Deutsche Bank in settlement talks with DoJ over mortgage probe


Deutsche Bank in settlement talks with DoJ over mortgage probe

Deutsche Bank said it had begun settlement talks with the US Department of Justice over its probe into the German lender’s origination and securitisation of mortgage-backed securities, as it reported a slump in second-quarter profits.

Along with a joint US-UK probe into alleged mirror trades involving Deutsche’s Russian business, the DoJ’s investigation into alleged mis-selling of residential mortgage-backed securities (RMBS) is one of the biggest legal uncertainties hanging over the bank.

Several other big banks — including JPMorgan, Bank of America and Citigroup — have already reached settlements with US authorities over miss-sold mortgage-backed securities. The most recent was in April, when Goldman Sachs reached a $5.1bn settlement.

John Cryan, chief executive, has made clear that he wants to resolve Deutsche’s big outstanding legal cases as soon as possible, and said earlier this year that he would get personally involved in the efforts to do so.

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3 Responses to “Deutsche Bank in settlement talks with DoJ over mortgage probe”
  1. lvent says:

    Therefore, those bogus FC’s they served improperly were meant to let these intruders unlawfully spy on us because they’re time barred & they’re hiding the charge off dates.

  2. lvent says:

    Why hasn’t OBAMA declared war when the media has been reporting for the past few years there’s russian spetznatz operating black ops on u.s. soil with the U S. MARINES?

    Because they’d rather be sneaky than honest & implant their paramilitants everywhere to sneak surprise us when we least expect it which is dishonorable to say the least.

  3. lvent says:

    The investment fraud is why I grocery shop on saturday nights now instead of going out & having fun.

    They’re spies trying to steal everything from everyone without them knowing they’re being robbed.

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