Monday, December 26, 2016

Clearly Deutsche Bank's Knock-Out Blow Hasn't Come...Yet

Deutsche Bank to pay $7.2b to settle US probe

Deutsche Bank AG said it has reached a $7.2 billion agreement to resolve a years-long US investigation into its dealings in mortgage-backed securities, removing a legal hurdle that fueled investor angst. Deutsche Bank will pay a $3.1 billion civil penalty and provide $4.1 billion in relief to consumers under a settlement in principle with US authorities,…