Following the hubub over Deutsche Bank, accused of neglecting 2,000 LA-area foreclosed properties, and in some cases, illegally evicting tenants, today Councilmember Richard Alarcón introduced a motion to look into what city money is invested with or deposited in Deutsche Bank (or its subsidiaries), and what steps it would take to take to divest. But what's the early withdrawal fee? Councilmember Alarcón’s motion also asks for a review of other banks facing similar housing complaints.
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