Deutsche Bank and the Royal Bank of Scotland ( RBS ) have been notified by the treasury Circuit an en banc review of a panel 's revival of the Federal Deposit Insurance Corp ( FDIC ) securities fraud suit . The FDIC brought claims under the federal securities Act and the Texas Securities Act , alleging that the company made false and misleading statements in selling and underwriting $ 500 in residential mortgage - backed securities to Guaranty Bank .
Deutsche Bank and the Royal Bank of Scotland (RBS) have been refused by the Fifth Circuit an en banc review of a panel's revival of the Federal Deposit Insurance Corp (FDIC) securities fraud suit. The FDIC brought claims under the federal Securities Act and the Texas Securities Act, alleging that the banks made false and misleading statements in selling and underwriting $2.1bn in residential mortgage-backed securities to Guaranty Bank.