United States:
Deutsche Bank Settles Nevada AG’s RMBS Probe For $11.5 Million
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On October 17, the Nevada Attorney General filed court
documents disclosing a $11.5 million settlement with DB
Structured Products, Inc., a unit of Deutsche Bank AG. The
Nevada AG had investigated DB Structured Products' practices
related to the packaging and sale of subprime and adjustable rate
mortgages in RMBS. According to the Nevada AG, the settlement
proceeds will go to Nevada homeowners.
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