Monday, March 11, 2013

Deutsche Bank

Deutsche Bank, now the world's largest, settled with the Federal Deposit Insurance Corp. to resolve claims that subsidiary MortgageIT sold shaky loans to IndyMac Bank, which imploded under the weight of risky mortgages and construction loans. The FDIC collected $54 million from the settlement three years ago but never issued a news release to announce it. Above, the Deutsche Bank towers in Frankfurt, Germany.

 (Daniel Roland / AFP/Getty Images / January 31, 2013)


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