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

Posted on November 7, 2015 | 1 Comment

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

This entry was posted in Uncategorized and tagged , , , . Bookmark the permalink.

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

Leave a Reply

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. ( Log Out /  Change )

Google photo

You are commenting using your Google account. ( Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. ( Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. ( Log Out /  Change )

Cancel

Connecting to %s