Fed to fine eight banks for foreclosures

WASHINGTON (MarketWatch)
The Federal Reserve plans to announce monetary penalties against eight additional banks that were examined as part of a federal and state foreclosure practices investigation, a central bank official said Monday
 "Although the Federal Reserve has not issued monetary sanctions at this time against the other eight institutions that it supervises and that are also subject to enforcement actions for unsafe and unsound practices in their loan servicing and foreclosure processing, the Federal Reserve believes that monetary sanctions in those cases are appropriate and plans to announce monetary penalties against them," said Federal Reserve director Suzanne Killian in a House Oversight Committee field hearing
The eight institutions are HSBC Holdings PLC , Goldman Sachs &Co, OneWest Bank, EverBank, PNC Financial Services Group Inc., U.S. Bancorp , MetLife Inc. and SunTrust Banks Inc.
Separately, states and the Obama administration reached a record $25 billion foreclosure-abuse settlement with five big banks in February