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Deutsche Bank, AG : mortgage securitization and financial collapse /

In July 2016, the U.S. Department of Justice announced that it would pursue Deutsche Bank for its role in the creation and sale of mortgage-backed securities in the years leading up to the financial crisis of 2008-2009. By September, press reports indicated the Department of Justice was seeking a $1...

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Bibliographic Details
Main Authors: Shannon, Jack (Author), Yu, Ben (Author), O'Rourke, James S. (Author)
Format: eBook
Language:English
Published: London : The Eugene D. Fanning Center for Business Communication, Mendoza College of Business, University of Notre Dame, 2017.
Series:SAGE Knowledge. Cases.
Subjects:
Deutsche Bank > Case studies.
Deutsche Bank
Mortgage-backed securities > Case studies.
Global Financial Crisis, 2008-2009 > Case studies.
Titres hypothécaires > Études de cas.
Crise financière mondiale, 2008-2009 > Études de cas.
Mortgage-backed securities
2008-2009
Electronic books.
Case studies
Case studies.
Études de cas.
Online Access:Connect to the full text of this electronic book
Description
Summary:In July 2016, the U.S. Department of Justice announced that it would pursue Deutsche Bank for its role in the creation and sale of mortgage-backed securities in the years leading up to the financial crisis of 2008-2009. By September, press reports indicated the Department of Justice was seeking a $14 billion fine from Deutsche Bank. Business media began speculating on whether this amount could affect the bank's solvency. Deutsche Bank had paid enormous fines for other transgressions and this $14 billion litigation could potentially threaten the financial condition of the company. Additionally, given Deutsche Bank's position as a "globally systemic bank," the fine could affect the economic environment of the entire world. To combat growing speculation surrounding the bank's survival, Deutsche Bank leaders launched different communication initiatives. This case concentrates on the communication strategies taken by Deutsche Bank's leadership.
Item Description:Originally Published InShannon, J., Yu, B., & O'Rourke, J. (2017). Deutsche Bank, AG: Mortgage securitization and financial collapse. The Eugene D. Fanning Center for Business Communication. South Bend, IN: University of Notre Dame.
Physical Description:1 online resource : illustrations.
ISBN:9781526488732
1526488736