Monday, May 21, 2012

FDIC Sues JPMorgan, Citigroup, BofA Securities, Deutsche Bank

From Bloomberg…

The Federal Deposit Insurance Corp. sued JPMorgan Chase & Co. (JPM), Citigroup Inc. (C), Bank of America Securities and Deutsche Bank AG. (DBK) The FDIC sued in New York federal court as receiver for Strategic Capital Bank, claiming $11 million in a mortgage-backed securities case.

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