RICHMOND Va./WASHINGTON (Reuters) - The state of Virginia said on Tuesday that it sued units of Citigroup Inc, Deutsche Bank AG and 11 other banks, accusing them of defrauding the state's retirement fund by selling it shoddy mortgage bonds in the run-up to the recent financial crisis.










Source: Virginia sues 13 banks for $1 billion over alleged mortgage bond fraud


David Cottle

UBB Owner & Administrator