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

Categorized | STOP FORECLOSURE FRAUD

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

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

This post was written by:

- who has written 11561 posts on FORECLOSURE FRAUD.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

Leave a Reply

Advert

Archives