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SAN FRANCISCO/FRANKFURT (Reuters) – The City of Los Angeles sued Deutsche Bank (DBKGn.DE) on Wednesday, claiming the global financial institution is digit of the large "slumlords" in the second-largest U.S. city.

Due to distributed foreclosures, Deutsche Bank subsidiaries have condemned title to more than 2,000 residential properties in Los Angeles, according to a double of the causa acquirable on the city's web site.

However, the slope has unnoticed its responsibilities as property owners, creating vacant nuisance properties and substandard housing, the causa said.

Deutsche Bank said the causa is misguided, as give servicers are contractually responsible for the maintenance of foreclosed properties.

"The Los Angeles City Attorney's Office has filed this causa against the criminal party," the slope said in a evidence on Wednesday.

Two Deutsche Bank subsidiaries "have embellish two of the largest, if not the largest, slumlords in the City of Los Angeles," the causa said.

The meet follows a removed $1 billion causa by the U.S. polity filed on Tuesday, accusing the German slope of humbug for repeatedly lying to obtain federal guarantees on mortgages it issued.

Last assemblage a U.S. appeals suite institute that the municipality of Cleveland could not better against 22 Wall Street banks and mortgage lenders, which the municipality had accused of causing a open nuisance by creating venturous mortgage securities to be sold to investors.

In a evidence on Wednesday, Los Angeles City Attorney Carmen Trutanich said the municipality must "fight blight" by holding banks accountable.

The municipality is hunt regaining and subject penalties to "deter them and others" from engaging in much conduct, the causa said. The bank's liability could potentially be in the hundreds of jillions of dollars, Trutanich's duty added.

Deutsche Bank said it had offered to help the municipality attorney's duty to occurrence the give servicers that are responsible for maintaining the properties in question, adding that the duty had not told it which properties it meant.

The housing in Superior Court for the State of California, County of Los Angeles, is The People of the State of California and the City of Los Angeles v. Deutsche Bank National Trust Company et al., BC 460878.

(Reporting by Dan Levine in San Francisco and prince President in Frankfurt, redaction by Gospels Lewis)

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