REFILE-U.S. fines former Deutsche Bank subprime chief over alleged mortgage fraud
A former head of subprime
trading at Deutsche Bank AG will pay a $500,000 fine
to resolve civil claims he misled investors about the quality of
loans backing $1.42 billion of residential mortgage-backed
securities (RMBS) issued before the 2008 financial crisis.
trading at Deutsche Bank AG will pay a $500,000 fine
to resolve civil claims he misled investors about the quality of
loans backing $1.42 billion of residential mortgage-backed
securities (RMBS) issued before the 2008 financial crisis.
Posted by Reuters
