Deutsche Bank In Talks With DOJ To Settle RMBS Claims

Law360, New York (July 27, 2016, 7:03 PM ET) — Deutsche Bank is negotiating with the U.S. Department of Justice to settle claims it misled consumers into buying risky mortgage-backed securities in the lead-up to the financial crisis in 2007, according to a quarterly earnings report it filed with the U.S. Securities and Exchange Commission on Wednesday.

Should Deutsche Bank settle, it will join several other mega-institutions that have agreed in recent years to pay billions of dollars to federal and state authorities. (Credit: AP) Should Deutsche Bank settle, it will join several other mega-institutions that…

Source: Law360

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