Lawsuits by the Federal Housing Finance Agency that charge Bank of America (BAC), Citigroup (NYSE: C), HSBC and Credit Suisse (CS) with wrongdoing in the sale of securities backed by residential mortgages may advance, a federal judge in Manhattan ruled Wednesday.

Separately, Wells Fargo (WFC) said Wednesday it has been notified by the staff of the Securities Exchange Commission that the staff does not plan to recommend any enforcement action against the bank in connection the sale of mortgage-backed securities.

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