This is the insane pool/patio video everyone is going crazy over

This is the insane pool/patio video everyone is going crazy over

Never expected our Facebook to blow up over one of these

Freddie Mac: Here are the top 5 improving metro housing markets

Not just L.A. and NYC

It’s official: Steve Horne out as Wingspan CEO

Jason Spooner takes over; Horne becomes senior advisor
W S
Investments

Deutsche Bank Americas CEO steps down

Deutsche Bank Americas Chief Executive Seth Waugh will leave his post for personal reasons, according to the global investment bank.

Waugh, CEO since April 2000, will stay on until Deutsche Bank appoints a successor.

A Deutsche Bank (DB) spokesman said Waugh, 53, discussed exiting the CEO role with other company executives for about a year. He'll remain with the bank as an adviser.

"I am incredibly fortunate to have worked with so many outstanding people over the past dozen years here at Deutsche Bank," Waugh said in a statement. "The bank is extraordinarily well-positioned for continued success and growth and I'm looking forward to being part of this success story."

Deutsche Bank draws scrutiny — and litigation — for its role in the housing crisis. An ongoing federal suit against 17 banks seeks damages, including $14.2 billion from Deutsche Bank, for soured mortgage-backed securities sold to Fannie Mae and Freddie Mac.

A judge threw out two suits against Deutsche Bank regarding residential mortgage-backed securities in early February, while another federal case continues over loans backed by the Federal Housing Administration.

The bank settled for $145 million with the National Credit Union Administration last fall over RMBS losses at five failed credit unions.

ascoggin@housingwire.com

Recent Articles by Andrew Scoggin

Comments powered by Disqus