Items Tagged with 'Deutsche Bank'


FDIC wins $190M settlement for toxic Countrywide mortgage bonds

Settlement stems from failure of five banks
The ghosts of Countrywide past just struck again, as the Federal Deposit Insurance Corporation announced Thursday that eight major financial institutions will pay $190 million total to settle a series of lawsuits tied to toxic Countrywide mortgage bonds that subsequently led to the failure of five banks during the housing crisis.
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Deutsche Bank drops plan to create new jobs in North Carolina amid LGBT controversy

Bank comes out in opposition of state's recent LGBT law
A controversial North Carolina law requiring transgender people to use the public bathroom corresponding to the gender on their birth certificate is not without vocal opponents. First some big musical artists cancelled their shows and now Deutsche Bank is putting the brakes on its plans, too. Is this only the beginning?
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Deutsche Bank, MassMutual settle RMBS lawsuit

Federal judge okays motion to dismiss, terms not disclosed
A Deutsche Bank unit and Massachusetts Mutual Life Insurance Co. reached a settlement over residential mortgage-backed securities, with a federal judge signing off on the undisclosed terms Thursday.
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Why "fast" mortgage servicers crush the TBA bond market

Deutsche Bank analysts: Prepayments costing hundreds of millions per year
A new segment of lenders and servicers that specialize in quicker prepayments is costing the TBA market “several hundred million of dollars a year,” analysts from Deutsche Bank Markets Research said in a new report. Prepayments are a new kind of problem now.
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Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus
Wilbur Ross, the high-risk turnaround exec famous for charging into metaphoric burning buildings of European financial institutions, is leaving Ocwen Financial and several other companies where he serves as a director.
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Prominent banker, hedge fund entrepreneur found dead

Deutsche Bank figure has connections to previous DB suicide
Back in January HousingWire reported on a string of prominent banker suicides that started with three in just six days in January, and then grew to more than a dozen by March – many occurring under mysterious circumstances. One of the new ones has connections to the initial rash.
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