Jan
17
DOJ: Deutsche Bank Agrees to Pay $7.2 Billion for Misleading Investors
By-
Bank said Dec. 23 that it had reached a deal in principle
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Mortgage probe was among the bank’s biggest litigation risks
Deutsche Bank AG reached a final settlement with the U.S. Justice Department over its handling of mortgage-backed securities before 2008, resolving one of its biggest litigation risks.
The bank agreed to pay $7.2 billion and admitted to misleading investors, the Justice Department said on Tuesday. The penalty was in line with the bank’s Dec. 23 announcement that it had reached an agreement in principle in the matter. It will pay a $3.1 billion civil penalty and provide $4.1 billion in relief to homeowners…
DOJ: Deutsche Bank Agrees to Pay $7.2 Billion for Misleading Investors
