{"id":6100,"date":"2017-01-18T18:38:46","date_gmt":"2017-01-19T00:38:46","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1374"},"modified":"2021-09-20T15:43:09","modified_gmt":"2021-09-20T20:43:09","slug":"deutsche-bank-credit-suisse-finalize-securities-mortgage-securities-fraud-settlements-doj-now-final-jpmorgan-resolves-55m-case-accusing-bank-working-racist-brokers","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/deutsche-bank-credit-suisse-finalize-securities-mortgage-securities-fraud-settlements-doj-now-final-jpmorgan-resolves-55m-case-accusing-bank-working-racist-brokers\/","title":{"rendered":"Deutsche Bank and Credit Suisse Finalize Securities Mortgage Securities Fraud Settlements with the DOJ Are Now Final and JPMorgan Resolves for $55M Case Accusing Bank of Working With Racist Brokers"},"content":{"rendered":"<p>\t\t\t\tThe mortgage securities fraud deal arrived at between Deutsche Bank (DB) and the Department of Justice is now final. As part of the settlement, the German lender will pay a $3.1B civil penalty and $4.1B in relief to borrowers, homeowners, and others that were impacted because it purportedly misled investors about the mortgage securities it was selling before the housing market failed.<\/p>\n<p>Although the agreement was announced last month, the details of the resolution have just been released to the public. This includes information that as far back as May 2006, a Deutsche Bank supervisor had cautioned one of the firm\u2019s senior traders about one mortgage lender that had become too lax with its underwriting practices.<\/p>\n<p>In a Statement of Facts that was part of the agreement, Deutsche Bank acknowledged that it was\u00a0aware that it was not fully disclosing the risks\u00a0involved with the\u00a0loans that it was bundling and selling.\u00a0Deutsche Bank CEO John Cryan issued a written statement apologizing \u201cunreservedly\u201d for the bank\u2019s conduct. Cryan said that Deutsche Bank now has better standards in place.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/deutsche-bank-credit-suisse-finalize-securities-mortgage-securities-fraud-settlements-doj-now-final-jpmorgan-resolves-55m-case-accusing-bank-working-racist-brokers\/#more-6100\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The mortgage securities fraud deal arrived at between Deutsche Bank (DB) and the Department of Justice is now final. As part of the settlement, the German lender will pay a $3.1B civil penalty and $4.1B in relief to borrowers, homeowners, and others that were impacted because it purportedly misled investors about the mortgage securities it [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3817,3818,3752,3958,4001,3757],"tags":[],"class_list":["post-6100","post","type-post","status-publish","format-standard","hentry","category-credit-suisse","category-deutsche-bank","category-financial-firms","category-jp-morgan-chase","category-mortgage-fraud","category-mortgagebacked-securities"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Deutsche Bank and Credit Suisse Finalize Securities Mortgage Securities Fraud Settlements with the DOJ Are Now Final and JPMorgan Resolves for $55M Case Accusing Bank of Working With Racist Brokers &#8212; Investor Lawyers Blog &#8212; January 18, 2017<\/title>\n<meta name=\"description\" content=\"The mortgage securities fraud deal arrived at between Deutsche Bank (DB) and the Department of Justice is now final. As part of the settlement, the German &#8212; January 18, 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/deutsche-bank-credit-suisse-finalize-securities-mortgage-securities-fraud-settlements-doj-now-final-jpmorgan-resolves-55m-case-accusing-bank-working-racist-brokers\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Deutsche Bank and Credit Suisse Finalize Securities Mortgage Securities Fraud Settlements with the DOJ Are Now Final and JPMorgan Resolves for $55M Case Accusing Bank of Working With Racist Brokers &#8212; Investor Lawyers Blog &#8212; January 18, 2017\" \/>\n<meta name=\"twitter:description\" content=\"The mortgage securities fraud deal arrived at between Deutsche Bank (DB) and the Department of Justice is now final. As part of the settlement, the German &#8212; January 18, 2017\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Deutsche Bank and Credit Suisse Finalize Securities Mortgage Securities Fraud Settlements with the DOJ Are Now Final and JPMorgan Resolves for $55M Case Accusing Bank of Working With Racist Brokers &#8212; Investor Lawyers Blog &#8212; January 18, 2017","description":"The mortgage securities fraud deal arrived at between Deutsche Bank (DB) and the Department of Justice is now final. 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As part of the settlement, the German &#8212; January 18, 2017","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/deutsche-bank-credit-suisse-finalize-securities-mortgage-securities-fraud-settlements-doj-now-final-jpmorgan-resolves-55m-case-accusing-bank-working-racist-brokers\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/deutsche-bank-credit-suisse-finalize-securities-mortgage-securities-fraud-settlements-doj-now-final-jpmorgan-resolves-55m-case-accusing-bank-working-racist-brokers\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Deutsche Bank and Credit Suisse Finalize Securities Mortgage Securities Fraud Settlements with the DOJ Are Now Final and JPMorgan Resolves for $55M Case Accusing Bank of Working With Racist Brokers","datePublished":"2017-01-19T00:38:46+00:00","dateModified":"2021-09-20T20:43:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/deutsche-bank-credit-suisse-finalize-securities-mortgage-securities-fraud-settlements-doj-now-final-jpmorgan-resolves-55m-case-accusing-bank-working-racist-brokers\/"},"wordCount":639,"articleSection":["Credit Suisse","Deutsche Bank","Financial Firms","JP Morgan Chase","Mortgage Fraud","Mortgage-Backed Securities"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/deutsche-bank-credit-suisse-finalize-securities-mortgage-securities-fraud-settlements-doj-now-final-jpmorgan-resolves-55m-case-accusing-bank-working-racist-brokers\/","url":"https:\/\/www.investorlawyers.com\/blog\/deutsche-bank-credit-suisse-finalize-securities-mortgage-securities-fraud-settlements-doj-now-final-jpmorgan-resolves-55m-case-accusing-bank-working-racist-brokers\/","name":"Deutsche Bank and Credit Suisse Finalize Securities Mortgage Securities Fraud Settlements with the DOJ Are Now Final and JPMorgan Resolves for $55M Case Accusing Bank of Working With Racist Brokers &#8212; Investor Lawyers Blog &#8212; January 18, 2017","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2017-01-19T00:38:46+00:00","dateModified":"2021-09-20T20:43:09+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"The mortgage securities fraud deal arrived at between Deutsche Bank (DB) and the Department of Justice is now final. 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