Deutsche Bank To Pay $7.3B For Misleading Investors In Sale Of RMBS

Mealey's (January 18, 2017, 11:26 AM EST) -- WASHINGTON, D.C. — Deutsche Bank AG and its current and former subsidiaries and affiliates and ACE Securities Corp. will pay $7.2 billion in civil penalties and relief to homeowners and others to settle claims that they misrepresented the investment quality of residential mortgage-backed securities (RMBS) to investors between 2006 and 2007, the U.S. Department of Justice announced on Jan. 17....