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Post# of 799143
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redsox17

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redsox17

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Monday, 01/20/2014 7:08:34 PM

Monday, January 20, 2014 7:08:34 PM

Post# of 799143
1.4 billion euros to settle claims

[/bThe bank agreed to pay U.S. financing companies Fannie Mae (FNMA) and Freddie Mac 1.4 billion euros to settle claims that it didn’t provide adequate disclosure about mortgage-backed securities. The European Commission fined Deutsche Bank 725 million euros on Dec. 4 for its part in rigging interest rates linked to the London interbank offered rate. The company said Dec. 19 that it reached a settlement to forfeit 221 million euros to end a derivatives contract with Italian bank Banca Monte dei Paschi di Siena SpA. ]

http://www.bloomberg.com/news/2014-01-19/deutsche-bank-posts-eu1-2-billion-fourth-quarter-pretax-loss.html?cmpid=yhoo

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