Investments

Three German banks file RMBS suits against Goldman Sachs

German lender DZ Bank AG is the latest international financial firm to sue Goldman Sachs Group (GS) for selling $188.6 million in residential-mortgage backed securities collateralized by risky home loans, Bloomberg reported.

The suit comes the same week as another suit from German Lender Bayerische Landesbank, which made similar RMBS claims.

In addition, German bank IKB Deutsche Industriebank AG has a suit pending against Goldman over similar investments.

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kpanchuk@housingwire.com

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3d rendering of a row of luxury townhouses along a street

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