Deutsche Bank is reportedly facing a Securities and Exchange Commission investigation over its mortgage bond trading activities in 2013, according to a report from Bloomberg’s Matt Scully.
Scully has the full details, citing people close to the situation, but here’s a quick summary of what the SEC is looking into.
The U.S. Securities and Exchange Commission is investigating whether Deutsche Bank AG inflated the value of securities in its mortgage-bond trading business and masked losses around 2013, according to people with knowledge of the matter.
Investigators are looking at positions overseen by Troy Dixon, who at the time ran the bank’s trading for U.S. government-backed mortgage bonds known as agency pass-throughs, said the people. The SEC is asking whether the bank delayed recording losses on those securities over an extended period of time, said the people, who asked not to be identified because the matter is private.
Click the link below for the fully story from Scully.