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Compensation to settle charges US bank overstated quality of financial instruments it sold to mortgage companies.
US mortgage giant accuses banks of colluding to "hide" financial problems and "boost profits".
Justice department accuses bank of causing taxpayers more than $1bn in losses by selling toxic mortgage loans.
Giant bank already under court action is sued along with JPMorgan for losses on $4.5bn soured mortagage.
Lawsuits will seek $20bn in compensation for banks' failure over subprime home loans, according to reports.
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Three years since the start of the uprising, nine million people have been displaced by fighting.
An in-depth look at Egypt's ongoing political crisis.