GS, MS Sued By German Lender Over MBS

German lender HSH Nordbank has sued Goldman Sachs and Morgan Stanley for allegedly making “material misrepresentations and omissions” concerning the underwriting standards it used to issue loans in mortgage-backed securities.

  • 27 Aug 2012
German lender HSH Nordbank has sued Goldman Sachs and Morgan Stanley for allegedly making “material misrepresentations and omissions” concerning the underwriting standards it used to issue loans in mortgage-backed securities. Goldman Sachs sold $110 million and Morgan Stanley $524 million in MBS to the bank, according to Nordbank’s ...

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1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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2 Rabobank 1,292.64 1 20.48%
4 BNP Paribas 598.25 2 9.48%
5 TD Securities Inc 241.54 1 3.83%