Deutsche Bank Sued Over CDO Losses

17 Jun 2008

Deutsche Bank has been sued for knowingly selling risky collateralized debt obligations that resulted in substantial losses. Filing the suit in New York State Supreme Court, a trial court, M&T Bank charged that DB had told it the CDOs, backed by subprime mortgages were “safe, secure and risk-free,” ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial