World’s Ninth-Largest Bank Paying $658,000,000 Settlement After Failing To Reveal Risk of Mortgages

French banking giant BNP Paribas has reached a $658 million settlement with regulators to compensate customers who were not properly informed about risky mortgages. The loans in question were taken out in 2008 and 2009 in Swiss francs, which, especially during times of uncertainty, are often viewed as a safe haven currency. However, since the The post World’s Ninth-Largest Bank Paying $658,000,000 Settlement After Failing To Reveal Risk of Mortgages appeared first on The Daily Hodl .