Deutsche Bank accused a pair of offshore funds of failing to follow through on a deal to sell the German lender $1.6 billion in claims against Bernard Madoff’s bankrupt investment advisory business. Kingate Global Fund Ltd. and Kingate Euro Fund Ltd., which funneled client money to Madoff’s firm for years before his Ponzi scheme collapsed in 2008, have “sellers’ remorse” because the value of the claims has grown since they struck their purported deal in 2011, Deutsche Bank said in a lawsuit filed Thursday in Manhattan federal court. The British Virgin Islands funds filed for bankruptcy protection in New York in ... (full story)