UPDATE 2-GE to pay $1.5 bln U.S. fine over crisis-era subprime mortgages
April 12, 2019 at 14:29 PM EDT
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.
