GE to pay $1.5 billion U.S. fine over crisis-era subprime mortgages

General Electric Co will pay a $1.5 billion civil fine to resolve a long-running U.S. probe into defective subprime mortgages from its former WMC Mortgage unit prior to the 2008 global financial crisis.

from Reuters: Business News https://reut.rs/2KxU2ag