Commerzbank sues BNY Mellon, Deutsche Bank AG, Wells Fargo, HSBC over mortgage losses

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Commerzbank sues BNY Mellon, Deutsche Bank AG, Wells Fargo, HSBC over mortgage losses

Commerzbank sues BNY Mellon, Deutsche Bank AG, Wells Fargo, HSBC over mortgage losses

REUTERS-

Commerzbank AG has sued four banks in the United States, claiming that they failed to properly monitor billions of dollars in toxic mortgage-backed securities acquired by the German lender before the 2008 financial crisis.

Bank of New York Mellon Corp and units of Deutsche Bank AG, Wells Fargo & Co and HSBC Holdings Plc were named in the lawsuits filed on Wednesday and Thursday in Manhattan federal court.

BNY Mellon was the trustee for over $1 billion in mortgage-backed securities bought by Commerzbank and $1.3 billion of investments tied to a collateralized debt obligation, Millstone II CDO, court documents showed.

[REUTERS]

Commerzbank 1-main

Exhibit G cover up 1-7

Exhibit H Commerzbank

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