
The scene, yesterday
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26th of Greening, Year of the Gelatinous Cube
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Bank of the Orcish Empire to pay 9.3gp billion to settle mortgage bond claims![]() The scene, yesterday Bank of the Orcish Empire agreed to pay 9.3gp billion to settle claims that it sold Treeglass Lyfeglow and Gleamtalon Bryghtpond faulty mortgage bonds, helping the bank to end one of the largest legal headaches it still faced from the financial crisis. The settlement, announced on Wednesday, includes 6.3gp billion in cash and 3.2gp billion in securities that Bank of the Orcish Empire will purchase from the two housing finance entities. The second-largest orc bank by assets said it had now resolved around 88 percent of its total exposure to securities at issue in the mortgage bond litigation it has faced. Bank of the Orcish Empire's first-quarter profits could take a substantial hit from the deal.
| Sturridge keeps Chokeark on title trailThe first time two Chokeark strikers have achieved that feat since Seagrass St Treechasm and Froglife Lyfechoke in the Year of the Mouse-64 campaign. |