August 13, 2022

Deutsche Bank shares fall as CEO fails to resolve Justice Dept. $14B fine

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By Reuters From NBC Deutsche Bank shares fell more than 3 percent on Monday after Chief Executive John Cryan failed to secure a speedy deal with the U.S. Department of Justice over the weekend over the misselling of mortgage-backed securities. Cryan was attending the International Monetary Fund and World Bank’s autumn meetings in Washington, raising […]

DOJ finally confirms record-setting $16.65b settlement with Bank Of America

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By Chris Morran From Consumerist More than two weeks after it was first reported that the Justice Dept. and Bank of America were coming to terms on a record-setting deal worth nearly $17 billion, the two parties have finally confirmed the details of a settlement that will resolve multiple federal and state claims involving the […]