Violation Tracker Individual Record

Company: 
Deutsche Bank AG
Current Parent Company: 
Deutsche Bank
Penalty: 
$202,300,000
Year: 
2012
Date: 
May 10, 2012
Primary Offense: 
toxic securities abuses
Violation Description: 

The United States Attorney for the Southern District of New York, the Justice Department and the U.S. Department of Housing and Urban Development announced that the United States settled a civil fraud lawsuit against Deutsche Bank , DB Structured Products Inc., Deutsche Bank Securities and MORTGAGEIT, INC. resolving allegations of repeated false certifications to HUD in connection with the residential mortgage origination practices.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
U.S. Attorney-Southern District of New York
Civil or Criminal Case: 
civil
HQ Country of Parent: 
Germany
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking & securities
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.