LONDON: Deutsche Bank AG is nearing an agreement with the US Department of Justice (DoJ) to settle a long-running investigation into its mortgage-backed securities business.
The bank is in talks “concerning a potential settlement of claims that the DoJ may consider bringing, based on its investigation of Deutsche Bank’s residential mortgage-backed securities origination and securitisation activities,” the firm said yesterday in its second-quarter earnings report.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!