Allstate Suing Citi, Deutsche Bank (ALL, C, DB)

Allstate Corp. ALL has added Citigroup C and Deutsche Bank DB to its list of banks that misrepresented certain mortgage-backed securities. Allstate already has suits against J.P. Morgan Chase & Co. JPM and Bank of America Corp.'s BAC Countrywide Financial unit. Allstate says it purchased more than $200 million in mortgage-backed securities from Citigroup and more than $185 million from Deutsche Bank.