Blackrock sues Deutsche Bank for irresponsible MBS deals

Hard on the heels of the 7.2 billion dollar settlement with the US Department of Justice regarding the selling of defective mortgage backed securities (MBS), Deutsche Bank has suffered a further setback. A New York court on Monday 23 January approved a lawsuit brought by several Deutsche Bank clients who bought MBS between 2004 and 2008.   ... →

Further billion dollar lawsuit against Deutsche Bank.

In March 2014, Facing Finance reported on the gold price manipulation of the LBMA (London Bullion Market Association) consisting of five international banks, Barclays, HSBC, Société Général, Bank of Nova Scotia and Deutche Bank. Initially Duetsche Bank refuted these allegations and were clear that they would defend themselves against these allegations. A few months later, and the bank has declared will conduct an internal review into gold price manipulation, in order to avoid sanctions.   ... →