Deutsche Bank Settles Claims in Freddie, Fannie Bond Suit -Reuters
September 12 2019 - 1:11PM
Dow Jones News
--Germany's Deutsche Bank (DB) agreed to settle a lawsuit that
alleged the bank tried to rig the prices of bonds issued by U.S.
mortgage financiers Fannie Mae (FNMA) and Freddie Mac (FMMC),
Reuters reported Thursday.
--Deutsche Bank didn't admit wrongdoing, and a spokesman said
the bank was pleased to settle, according to the report.
--Deutsche Bank was one of 16 companies named in the suit
brought by investors, which is before the U.S. District Court,
Southern District of New York, the report said.
Full story:
https://www.reuters.com/article/us-fannie-mae-freddie-mac-bonds-lawsuit/deutsche-bank-is-first-to-settle-fannie-mae-freddie-mac-bond-rigging-lawsuit-idUSKCN1VX23S
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
September 12, 2019 12:56 ET (16:56 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Deutsche Bank Aktiengese... (NYSE:DB)
Historical Stock Chart
From Mar 2024 to Apr 2024
Deutsche Bank Aktiengese... (NYSE:DB)
Historical Stock Chart
From Apr 2023 to Apr 2024