Deutsche Bank to pay $ 7.2b to solve American research
Deutsche Bank AG said it has reached a $ 7200 million deal to settle a one-year US investigation of your mortgage-backed securities transactions, eliminating a legal hurdle that has fueled Investors' anxiety.
Deutsche Bank will pay a civil fine of $ 3,100 million and provide relief to 4,100 million consumers under an agreement in principle with US authorities, according to a statement released on Friday. The fine will reduce pre-tax earnings by $ 1.2 billion this quarter, the company exploits existing legal reserves to contain a large portion of this cost. The emergency income can drag on for years.
The deal "could help in the short term because it eliminated a major source of uncertainty," said Michael Huenseler, investor Assenagon Asset Management, which holds about 0.8 percent of Deutsche Bank shares.