Deutsche Banks Markets Research analysts Matt O’Connor, Robert Placet, David Ho and Dan DelMoro frame a ‘Question Bank’ in their recent research note on US large cap banks.
One page of the report is dedicated to key industry questions that confront the sector as a whole, and here are some of their concerns.
Legal wrangles
Deutsche remains concerned about the on-going legal ‘uncertainties’ tied with the plethora of litigation surrounding US banks.
Mortgage investigations are being pursued by State Attorneys General as well as the US Department of Justice. Banks are also in the midst of negotiating settlements with the FHFA, the supervisory authority for mortgage GSEs Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) and Fannie Mae / Federal National Mortgage Assctn...
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