US Bank, Others Seek Approval Of $1B RMBS Citigroup Deal

Law360, New York (November 6, 2015, 5:11 PM ET) — U.S. Bank NA, along with units of Deutsche Bank AG and HSBC Holdings PLC, on Friday asked a New York judge to sign off on a $1.1 billion residential mortgage-backed securities settlement with Citigroup Inc., saying an exhaustive review has shown it to be a reasonable deal.

Attorneys for the moving lenders gathered in New York Supreme Court in Manhattan to petition Judge Marcy Friedman for approval of the settlement, under which Citigroup will make a binding offer to the trustees of 68 Citigroup-sponsored trusts that…

Source: Law360

One response to “US Bank, Others Seek Approval Of $1B RMBS Citigroup Deal

  1. Pingback: US Bank, Others Seek Approval Of $1B RMBS Citigroup Deal | Alina's Blog

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