The MLP structure no longer made sense for Kinder, but may yet again in the future.
States such as Florida and Nevada that were hardest hit by the mortgage crisis will again miss out on cash payments in an expected settlement for more than $16 billion.
California Attorney General Kamala Harris is showing her hand as Morgan Stanley faces off against a powerful federal and state mortgage task force.
Aggressive enforcement by Democratic attorneys general led to big payouts for five states in recent multibillion dollar settlements with JPMorgan and Citigroup.
The mortgage settlement with JPMorgan and four other banks included very little cash and led one Bronx woman down a circuitous, two-year path before her loan could be modified.
Rebecca Mairone, a mid-level Countrywide executive in a hurry in 2007 and 2008, will pay the government $1 million and face a public shaming that may be difficult to overcome.
The Blackstone Group and Skadden tried to advise the U.S. Treasury Department on its stake in mortgage giants Fannie and Freddie in 2011, according to court documents.
Barclays Capital committed fraud tied to a private, internal stock trading platform known as a 'dark pool,' according to charges filed Wednesday by New York Attorney General Eric Schneiderman.
Unlike peers such as Wells Fargo, JPMorgan Chase and Bank of America, Citigroup might fare surprisingly well in what looks like a sustained low interest rate environment.
Citigroup has a stronger argument than Bank of America in trying to lower the cost of an expected mortgage settlement with the Department of Justice, assuming math matters just a bit.