Wednesday, December 28, 2016

Deutsche Bank massive RMBS penalty gets cut in half

Under the terms of the settlement agreement, Deutsche Bank agreed to pay a civil monetary penalty of $3.1 billion and to provide $4.1 billion in relief to American homeowners. Deutsche Bank initially fought the larger charge of $14 billion; the latest figure puts the penalty in the $7 billion range.

from Byrd Mix via byrd memphis developer

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