Deutsche Bank reaches $95 million RMBS settlement with Maryland

We’ll probably never know how much Maryland lost in this deal as a result of gambling with Wall Street.

Justice League

The state of Maryland announced last week that it reached a $95 million settlement with Deutsche Bank over claims that Deutsche Bank misled investors about its securitization and sale of residential mortgage-backed securities and collateralized debt obligations during the run-up to the financial crisis.

The settlement, which was announced last week by the office of Maryland Attorney General Brian Frosh, includes a requirement that Deutsche Bank provide $80 million in relief to consumers in Maryland.

Read on.

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