Deutsche Bank Settles Nevada AG’s RMBS Probe for $11.5 Million

Orrick - Finance 20/20
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On October 17, the Nevada Attorney General filed court documents disclosing a $11.5 million settlement with DB Structured Products, Inc., a unit of Deutsche Bank AG. The Nevada AG had investigated DB Structured Products’ practices related to the packaging and sale of subprime and adjustable rate mortgages in RMBS. According to the Nevada AG, the settlement proceeds will go to Nevada homeowners. Assurance of Discontinuance.

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