Investigating Banks: Regions Financial, Deutsche Bank in the Spotlight

Both state AGs and in-house teams alike continue investigations into loans and securities practices of the top banks during the financial crisis. Here’s a look at the banks that have most recently come under the spotlight:

Attorneys General from New York and Delaware are now looking into Bank of New York Mellon (NYSE:BK) and Deutsche Bank (NYSE:DB) to see if trustees properly documented the repackaging of mortgages into securities. Trustee banks have not previously been a part of their investigations because they only act as administrators of securities, and the loans they deal with originate from other banks.

Regions Financial (NYSE:RF) is investigating whether any of its executives were responsible for delaying the public disclosure of loans that were going sour during the financial crisis. Regions is also likely to come to an agreement with the SEC to pay $200 million for having inflated the value sub-prime securities in order to defraud investors.

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