Deutsche Bank is first to settle Fannie Mae, Freddie Mac bond rigging lawsuit

NEW YORK (Reuters) - Deutsche Bank AG will pay $15 million (12.17 million pounds) to resolve claims it conspired to rig prices of bonds issued by Fannie Mae and Freddie Mac , becoming the first of 16 financial services companies to settle litigation by investors.The German bank did not admit wrongdoing in agreeing to the settlement, which requires court approval and was made public late Wednesday.Investors including Pennsylvania Treasurer Joe Torsella accused the defendants of exploiting their..