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Home » Uncategorized » Deutsche Bank agrees to $7.2 billion mortgage settlement with U.S.

Deutsche Bank agrees to $7.2 billion mortgage settlement with U.S.

A few months ago, the fine was over $14 billion and neither side could reach an agreement.  $7.2 billion is still a significant amount for a bank, and one that has had as many troubles as Deutsche Bank.  For most of 2016, there was wide speculation as to whether Deutsche Bank met capital requirements, and if they were even solvent.  This is a huge blow to Deutsche Bank and to their shares which have come off all time lows to run up even higher.  To make matters even worse, there have been more precious metals manipulation revelations against many big banks including Deutsche Bank.  Many big banks have been fined for doing so.

Deutsche Bank agrees to $7.2 billion mortgage settlement with U.S.

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