17-01-2017 21:02 via feedproxy.google.com

Deutsche Bank will settle with US regulators over mortgage-backed securities for $7.2 billion (DB)

NEW YORK — Deutsche Bank will settle with US regulators for $7.2 billion over financial crisis-era residential mortgage-backed securities.
The $7.2 billion figure was announced in December by the bank, and confirmed on Tuesday by the Department of Justice.
The settlement comes after months of wrangling between the bank and regulators. The original settlement was reported to be around $14 billion, which sent Deutsche Bank's stock into a tail spin in September 2016.
After talk of a poss
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