Mr Cooper Group Inc (COOP): DB will be receiving $3 Billion from FDI...

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Mr Cooper Group Inc (COOP)

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Tuesday, 08/23/2016 5:39:44 AM

Tuesday, August 23, 2016 5:39:44 AM

DB will be receiving $3 Billion from FDIC-R.

"Spokespersons for the FDIC and Deutsche declined to comment. The federal agency agreed in the settlement to allow Deutsche a $3 billion claim against WaMu's estate, according to a person familiar with the case, a concession it had previously refused".

https://www.thestreet.com/story/13680743/1/jpmorgan-agrees-to-settle-wamu-mortgages-case-for-645-million.html

Now if they are receiving $3 Billion from FDIC-R must be because there is a generating source...right????

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