KBW weighs in on the FHFA lawsuit filed Friday against the banks, saying it could cost the...

|By:, SA News Editor

KBW weighs in on the FHFA lawsuit filed Friday against the banks, saying it could cost the mortgage-bond issuers nearly $60B. A much smaller settlement is more likely however, because the banks have a strong defense. Bank of America (BAC -3.3%), Citigroup (C -2.5%) and J.P. Morgan Chase (JPM -3.7%).