March 01, 2018
The Federal Deposit Insurance Corp. asked a Texas federal judge on Wednesday to toss the defenses of three major banks accused of selling six shoddy residential mortgage-backed securities to now-defunct Guaranty Bank ahead of its 2009 failure, saying a damages award is appropriate and its claims are not time-barred.
August 19, 2014
Goldman Sachs & Co., Deutsche Bank Securities Inc. and several other banks on Monday dodged the remnants of a lawsuit brought in Texas federal court by the Federal Deposit Insurance Corp. on behalf of defunct Guaranty Bank, which alleged it paid $2.1 billion to acquire 20 shoddy mortgage-backed securities from the banks