19-12-2016 16:33 via news.yahoo.com

Deutsche Bank could settle U.S. penalty this week - source

By Andreas Kröner and Karen Freifeld FRANKFURT/NEW YORK (Reuters) - Deutsche Bank  could this week agree a penalty with the U.S. Department of Justice over the sale of toxic mortgage debt, one person with direct knowledge of the matter said on Monday. The penalty stems from a 2012 initiative launched by U.S. President Barack Obama, a Democrat, to penalize banks for allegedly selling sub-prime debt while misleading investors about the risks, a practice that contributed to the worst econ
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