Late last year, Deutsche Bank announced that it reached a $7.2 billion settlement with the Department of Justice in connection with the bank’s issuance and underwriting of residential mortgage-backed securities between 2005 and 2007.
Although the bank made the announcement in late December, the settlement was not official, but it is now.
On Tuesday, the Department of Justice announced that it reached a final settlement with Deutsche Bank for $7.2 billion, matching the figure Deutsche Bank disclosed in December.
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