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Company: Deutsche Bank AG
Current Parent Company:
Deutsche Bank
Parent at the Time of the Penalty Announcement:
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Penalty: $202,300,000
Year: 2012
Date: May 10, 2012
Offense Group: financial offenses
Primary Offense: toxic securities abuses
Secondary Offense: investor protection violation
Mega-Scandal:
Toxic Securities
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 Current Parent: Germany
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.