Deutsche Bank shares are rocketing after announcing a $7.2 billion settlement with the US (DBK)
|12/23/2016||Posted by BusinessMediaguide.Com under General World News||
Dec 23 (Reuters) – Deutsche Bank said it would pay $7.2 billion to the U.S. Department of Justice, related to its issuance and underwriting of residential mortgage-backed securities (RMBS) and other activities during 2005 to 2007.
The agreement is less than the $14 billion the United States asked Deutsche Bank to pay in September to settle the claims.
That negotiating figure caused Deutsche Bank’s stock to plummet and raised questions about the bank’s stability and the risks it poses to the financial system.
Under the settlement, Deutsche Bank will pay a civil monetary penalty of $3.1 billion and provide $4.1 billion in consumer read more >>>