subprime mortgage crisis - updates

Rappler's latest stories on subprime mortgage crisis


10 years ago: A harbinger of 2008 financial crisis

Aug 15, 2017 - 1:30 PM

The first signs of the 2008 financial crisis showed up in August 2007

IN THE RED. In this file photo, an investor reacts as he monitors the share index at a private stock market gallery in Kuala Lumpur on September 18, 2008. AFP file

Deutsche Bank, Credit Suisse agree billion-dollar settlements in U.S.

Dec 23, 2016 - 1:09 PM

UPDATED Deutsche Bank will pay a total of 7 2 billion while Credit Suisse will pay almost 5 3 billion

SETTLEMENT. The headquarters of Germany's biggest lender Deutsche Bank is seen in Frankfurt am Main, western Germany, October 29, 2015. File photo by Daniel Roland/AFP

Risky financial crisis derivatives return in new form

Aug 21, 2013 - 4:09 PM

Collateralized debt obligations the complex financial instruments that cratered disastrously in the financial crisis are back

US sues Bank of America for fraud over mortgage bonds

Aug 07, 2013 - 7:35 AM

The Department of Justice civil complaint alleges Bank of America lied to investors about the riskiness of the mortgage loans backing the securities ahead of the housing bust

FRAUD. The US Dept of Justice says Bank of America lied to investors about the riskiness of its mortgage loans during the housing bust. AFP Photo