BILLION - The Salt Lake Tribune http://www.sltrib.com/feeds/topics/BILLION News from The Salt Lake Tribune en-us webmaster@sltrib.com (Webmaster) Goldman to pay $1.2B for role in housing collapse http://www.sltrib.com/sltrib/money/58326789-79/securities-goldman-billion-fannie.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58326789-79/securities-goldman-billion-fannie.html.csp">Goldman to pay $1.2B for role in housing collapse</a></h4> <span class="author vcard"><span class="fn">By MARCY GORDON</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-08-22T18:07:02.215-06:00">Updated Aug 22, 2014 06:07PM MDT</span></h5> <div class ="entry-content">Washington • Goldman Sachs has agreed to a settlement worth $1.2 billion to resolve claims that it misled U.S. mortgage giants Fannie Mae and Freddie Mac about risky mortgage securities it sold them before the housing market collapsed in 2007. The Federal Housing Finance Agency, which oversees Fannie and Freddie, announced the settlement Friday with the Wall Street powerhouse. New York-based Goldman Sachs sold the securities to the companies between 2005 and 2007. Under the settlement, Goldman i...</div> <h5><a rel="item-license" href="#license-583267892014-08-22T18:07:02.215-06:00" id="#license-2014-08-22T18:07:02.215-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58326789@www.sltrib.com Fri, 22 Aug 2014 18:07:02 MDT A Brazil World Cup bonanza — for other countries http://www.sltrib.com/sltrib/money/58326762-79/bank-brazil-billion-cup.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58326762-79/bank-brazil-billion-cup.html.csp">A Brazil World Cup bonanza — for other countries</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-08-22T17:53:01.934-06:00">Updated Aug 22, 2014 05:53PM MDT</span></h5> <div class ="entry-content">Sao Paulo • Brazil’s Central Bank says spending by foreign tourists shot up 60 percent during the two months overlapped by its hosting of the World Cup, reaching nearly $1.59 billion. But the bank’s Friday report says Brazilians themselves spent even more abroad — $4.4 billion during June and July. The bank says tourists in Brazil spent $797 million in June and $789 million in July. Bank economic department chief Tulio Maciel he expects tourists will spend $100 million in August. The $2.41 billi...</div> <h5><a rel="item-license" href="#license-583267622014-08-22T17:53:01.934-06:00" id="#license-2014-08-22T17:53:01.934-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58326762@www.sltrib.com Fri, 22 Aug 2014 17:53:01 MDT Bloomberg View: Bank of America settlement leaves big questions unanswered http://www.sltrib.com/sltrib/opinion/58325617-82/bank-america-settlement-money.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/opinion/58325617-82/bank-america-settlement-money.html.csp">Bloomberg View: Bank of America settlement leaves big questions unanswered</a></h4>