Blog

Los Angeles and United States File Lawsuits Against Deutsche Bank Mortgage Subsidiary

Deutsche Bank is having a rough month.  On May 3, 2011, the U.S. government filed a civil lawsuit against banking giant Deutsche Bank, alleging the bank’s mortgage subsidiary lied about the quality of loans insured under a government program.  The mortgages were guaranteed by the Federal Housing Administration and are expected to cost the government more than $1 billion, the New York Times reports.

    Categories

    See all

    Recent Posts

    favicon