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

Signage is seen on the lobby of the U.S. headquarters of Deutsche Bank in New York City
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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..
Date Published: Sep 12, 2019
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