Tag: Deutsche Bank, Credit Suisse, US Department of Justice

• Tuesday, December 27th 2016 - 09:03 UTC

  Deutsche Bank and Credit Suisse reach payment deals with US authorities on sub-prime scams

  

  Germany's Deutsche Bank announced it has agreed a US$7.2bn payment to US authorities over an investigation into mortgage-backed securities. The sum, which needs final approval, is far lower than the US$14bn the US had asked the bank to pay in September. The looming fine had caused concerns that a failure of the bank could pose a risk to the global financial system.