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Banking Giants Sue Calif. City Over Mortgage Seizure Plan

By Jeff Sistrunk ( August 7, 2013, 11:31 PM EDT) -- Wells Fargo Bank NA, Deutsche Bank AG and Bank of New York Mellon Corp. filed suit Wednesday seeking an order blocking the city of Richmond, Calif. , and a mortgage company from seizing home loans through eminent domain, arguing the program is unconstitutional and will hurt retirees and savers. . . .

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