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Commerzbank sues BNY Mellon, Wells Fargo, HSBC over mortgage losses
December 24, 2015 by publisher · Leave a Comment
By Nate Raymond NEW YORK (Reuters) – Commerzbank AG has sued four banks in the United States, claiming that they failed to properly monitor billions of dollars in toxic mortgage-backed securities acquired by the German lender before the 2008 financial crisis. Bank of New York Mellon Corp and units of Deutsche Bank AG, Wells Fargo & Co and HSBC Holdings Plc were named in the…
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Commerzbank sues BNY Mellon, Wells Fargo, HSBC over mortgage losses