Deutsche Bank reaches billion dollar settlement with DoJ

January 2017

Deutsche Bank said it would pay USD7.2 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, reported Reuters. The agreement is less than the USD14 billion the United States asked Deutsche Bank to pay in September to settle the claims. That negotiating figure caused...

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Deutsche Bank reaches billion dollar settlement with DoJ

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