Huffpost Business

SEC Bank Investigation: JPMorgan, Citi, Deutsche Bank, UBS Get Subpoenas Over Mortgage Deals

Posted: Updated:

May 13 (Bloomberg) -- U.S. federal prosecutors and the Securities and Exchange Commission are cooperating in a preliminary criminal probe into whether banks misled investors about their participation in mortgage-bond deals, the Wall Street Journal said, citing a person familiar with the matter.

JPMorgan Chase & Co., Deutsche Bank AG, UBS AG and Citigroup Inc. have received civil subpoenas from the SEC, the newspaper said today. Goldman Sachs Group Inc. and Morgan Stanley are already being investigated under similar preliminary criminal scrutiny, the Journal said.

Read the whole story at bloomberg.com

Around the Web

Investigations by the SEC

Reports of Investigations

Moody's Under SEC Investigation

Morgan Stanley CDO probe suggests larger investigation

US share price crash inquiry finds no single cause

Morgan Stanley Denies Justice Department Investigation of Certain CDOs

US Prosecutors, SEC Probe Mortgage Deals, WSJ Says