Deutsche Bank finalizes $7.2 billion settlement

Biggest corporate fails of 2016 in 60 seconds

Biggest corporate fails of 2016 in 60 seconds

Deutsche Bank has cemented a $ 7.2 billion settlement with the Department of Justice for selling toxic mortgage-backed securities in the years before the market meltdown of 2008.

The DOJ said Tuesday that the settlement — which includes a $ 3.1 billion civil penalty — is the largest of its kind levied by the department.

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Economic news – CNNMoney.com

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