In Manhattan, U.S. District Judge Jed Rakoff dismissed two separate lawsuits by Dexia SA and Teachers Insurance and Annuity Association of America against Deutsche Bank (DB) in which investors in residential mortgage-backed securities accused the bank of selling them securitized, reports Bloomberg. The judge said the investors had “in certain key respects” failed to provide sufficient particular facts to support their fraud allegations.
European stocks rose for a third straight session on Monday and the euro bounced back from two-year lows, as Greek …
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