Deutsche Bank has signed a 7.2 billion dollar settlement with the US Department of Justice, over its sale of toxic mortgage securities in the run up to the financial crisis of 2008.
The agreement was reached in principle back in December but is now official, and it's the largest such deal with one single entity for selling such products.
Lorna Shaddick reports from New York.
IN: As part of...
OUT: SOC
DUR: 42 seconds
POT: 22, 33 seconds
GENERIC: http://www.fsnradionews.com/feeds/0117deutsche-ls-generic.mp3
The agreement was reached in principle back in December but is now official, and it's the largest such deal with one single entity for selling such products.
Lorna Shaddick reports from New York.
IN: As part of...
OUT: SOC
DUR: 42 seconds
POT: 22, 33 seconds
GENERIC: http://www.fsnradionews.com/feeds/0117deutsche-ls-generic.mp3