BNY Mellon being sued by lender Commerzbank AG over housing crisis-related activities

BNY Mellon being sued by lender Commerzbank AG over housing crisis-related activitiesSign up for one of our email newsletters. Bank of New York Mellon is being sued by a German lender over $750 million in losses related to mortgage-backed securities that went sour during the housing crisis. In a lawsuit filed Dec. 23 in U.S.

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