Duncan King News
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Deutsche Bank AG must face a lawsuit by Los Angeles claiming the bank let foreclosed properties in low-income neighborhoods fall into disrepair and illegally evicted tenants to sell foreclosed buildings.
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A former Deutsche AG Bank unit executive filed a lawsuit alleging the bank terminated him in retaliation for his complaints about the operational systems problems.
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DB Structured Products Inc., a unit of Deutsche Bank AG, was accused in a lawsuit of selling a a “massive number” of defective loans to a securitization trust.
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Credit Suisse Group AG promoted Neil Carragher and Steven Pierson to jointly run investment banking for financial institutions in the Americas, succeeding Nancy McAllister and Edward Yorke .
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Credit Suisse Group AG hired Stephen Snizek for loan trading from HSBC Holdings Plc as investment banks rebuild the teams that arrange and trade the debt that backs leveraged buyouts.
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UBS AG, Switzerland’s biggest bank, sought immunity from prosecution by Canadian regulators probing a potential conspiracy to rig the price of derivatives globally, three people with knowledge of the inquiry said.
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A unit of Deutsche Bank AG, Europe’s biggest bank by assets, was sued in New York state court for breach of contract by a trustee for a pool of mortgage loans.
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Siderurgica del Turbio SA, the Venezuelan steelmaker taken over by the government in 2010, was found to be in default, creating a fresh opportunity for bondholders to demand immediate repayment.
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A judge was asked by victims of Bernard Madoff’s Ponzi scheme to void a $220 million settlement with the heirs of Norman F. Levy, a Madoff investor referred to as his “surrogate father.”
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Credit Suisse AG hired a new head of its health-care mergers and acquisitions business, naming former Lazard Ltd. managing director Rajesh Alva to the role, as it continues to add bankers to the group.
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