DOJ Probes At Least 9 Banks On Mortgage-Backed Securities

The U.S. Department of Justice (DoJ) is conducting a probe into at least nine banks concerning their sale of mortgage-backed securities, reports Financial Times. Kara Scannell, Tom Braithwaite and Camilla Hall of the Financial Times report the investigation covers a vast array of large banks including Citigroup Inc (NYSE:C), Bank of America Corp (NYSE:BAC), Credit Suisse Group AG (ADR) (NYSE:CS), Deutsche Bank AG (NYSE:DB) (FRA:DBK) (ETR:DBK), Goldman Sachs Group Inc (NYSE:GS), Morgan Stanley (NYSE:MS), Royal Bank of Scotland Group plc (NYSE:RBS) (LON:RBS) (AMS:RBS), UBS AG (NYSE:UBS) and Wells Fargo & Co (NYSE:WFC). JPMorgan’s settlement with DoJ Recently JPMorgan Chase & Co….