Your English writing platform
Discover LudwigSuggestions(1)
Exact(2)
After the settlement, bank executives and regulators appeared before a parliamentary committee to discuss the case.
JPMorgan Chase alone made up 11% of MasterCard revenues in 2005 and in the first quarter of 2006, in addition to being its settlement bank and a major lender.
Similar(58)
Since the Barclays settlement, banks have been reassessing their defense strategies and reaching out to authorities.
Under the settlement, banks get more credit for forgiving mortgages that they own ("portfolio loans") than those they sold to Wall Street and currently only service.
Under the settlement, banks receive credit for the size of the outstanding loan balance, rather than the amount of actual assistance provided.
As part of the settlement, banks have to pay for independent research, which they will have to offer to clients, for five years.
Under the foreclosure settlement, banks are responsible for vetting, supervising and auditing contractors, a category that clearly includes property management companies.
Under the terms of the settlement, banks have to abide by 304 servicing standards, like notifying homeowners of missing documents within five days of receiving a loan modification and providing borrowers with a single point of contact.
Lending by banks to their counterparts in the troubled countries also fell sharply, the settlements bank said.
The settlements bank said credit-default swaps retained their appeal as a way to hedge debt holdings.
"The crisis exposed deficiencies in the financial sector's business model that had prevailed for several decades," the settlements bank said.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com