“JPMorgan Chase & Co. (JPM), UBS AG (UBSN) and Deutsche Bank AG (DBK) are being investigated as part of New York Attorney General Eric Schneiderman’s expanded probe of mortgage securitization, according to a person familiar with the matter.
Four bond insurers also were subpoenaed: Ambac Financial Group Inc. (ABKFQ), MBIA Inc. (MBI), Syncora Holdings Ltd. (SYCRF) and Assured Guaranty Ltd. (AGO), according to the person, who couldn’t be identified because the probe isn’t public.
Schneiderman is seeking information on claims paid out during and after the economic crisis and any information or documents related to litigation or settlements with the banks, according to the person. The expanded investigation was reported earlier by the Wall Street Journal.”
If you enjoy the content at iBankCoin, please follow us on Twitter
