Deutsche Bank sees fourth quarter pretax impact of $1.2 billion from DoJ civil penalty
Reuters - January 18th, 2017
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Germany's biggest bank on Tuesday finalised a $7.2 billion settlement with the DoJ over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, which also included $4.1 billion of consumer relief.
"Given other lawsuits, it is still too early to talk of having drawn a line under all matters," John Cryan wrote.
"We are, however, nearing our objective of being able to concentrate primarily on the future instead of repeatedly having to look over our shoulders at past events."
(Reporting by Georgina Prodhan; Editing by Himani Sarkar)
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Deutsche Bank sees fourth quarter pretax impact of $1.2 billion from DoJ civil penalty
- Reuters
- January 18th, 2017
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