Bank of America would pay more than $16 billion in a settlement that it's close to finalizing with the Justice Department. Spencer Platt/Getty Images hide caption
financial crisis financial crisis
The Citigroup Center is viewed in midtown Manhattan. Critics say the U.S. settlement with the banking giant will do nothing for those hurt most by the foreclosure crisis: people who lost their homes. Timothy A. Clary/AFP/Getty Images hide caption
Citigroup has agreed to pay $7 billion to settle a federal investigation into subprime mortgages it sold in the run-up to the financial meltdown of 2008. Kiichiro Sato/AP hide caption
President Obama with Paul Volcker at the White House in 2009. Volcker, who headed the President's Economic Recovery Advisory Board, lent his name to a new rule aimed at curbing risk-taking on Wall Street. Brendan Smialowski/Getty Images hide caption
Sept. 15, 2008, in London: The news of Lehman's bankruptcy hits. Cate Gillon/Getty Images hide caption