Deutsche Bank to pay $7.2bn to settle US subprime case
Berlin economy
Berlin - Arab Today
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Deutsche Bank has agreed to pay a total of $7.2 billion to settle a case with the US Department of Justice over its role in the subprime mortgage crisis, the lender said in a statement Friday. The payment includes a $3.1 billion dollar fine and $4.1 billion in relief to consumers in an agreement in principle with US authorities, it said. |
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