JPMorgan, UBS, Deutsche Bank Said to Be Added to Probe

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JPMorgan, UBS, Deutsche Bank Said to Be Added to Probe

Posted on24 May 2011. Tags: Ambac Financial Group Inc., assured guaranty ltd., attorney general, Bond Insurance, criminal, deutsche bank, Eric Schneiderman, foreclosure fraud, investigation, jpmorgan chase, Kamala D. Harris, MBIA Inc., mbs, mortgage backed securities, prosecutions, securitization, subpoenas, Syncora Holdings Ltd., trustees, Trusts, UBS, wall street

Bloomberg-

JPMorgan Chase & Co., UBS AG and Deutsche Bank AG are being probed in an expanded investigation by New York Attorney General Eric Schneiderman into mortgage securitization, according to a person familiar with the matter.

Four bond insurers also were subpoenaed: Ambac Financial Group Inc., MBIA Inc., Syncora Holdings Ltd. and Assured Guaranty Ltd., according to the person, who couldn’t be identified because the probe isn’t public.

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