Tuesday, May 24, 2011

JPMorgan, Deutsche: Part of the NY AG probe into mortage securitization practices

NEW YORK (TheStreet) -- JPMorgan Chase(JPM_), UBS (UBS_) and Deutsche Bank (DB_) are also part of a probe by New York State Attorney General Eric Schneiderman into mortgage securitization practices, Bloomberg News reported Monday, citing an anonymous source.




Also part of the probe are Ambac Financial, MBIA(MBI_), Syncora Holdings and Assured Guaranty(AGO_), according to the report, although the insurers are not considered a target of the investigation.



Read on.

No comments: