Deutsche Bank reaches settlement with US DOJ on mortgages case - RTRS

Reuters reports headlines from Deutsche Bank, noting that Germany’s largest lender has agreed on a settlement with the US Department of Justice (DOJ) on the mortgages case.

Deutsche Bank has agreed to pay a civil monetary penalty of $3.1 billion and to provide $4.1 billion in consumer relief in the United States.

The bank further added that the financial consequences are not currently expected to have a material impact on 2016 financial results.