Barclays fights RMBS charge but CS, DB settle RMBS probes

department of justice
By Owen Sanderson
23 Dec 2016

Credit Suisse and Deutsche Bank have settled with the US Department of Justice, putting an end to some of the worst uncertainties hanging over both banks. But Barclays said that it had been sued by the DoJ in connection with RMBS underwriting, and that it was going to fight the case.

The DoJ cost for Deutsche came in lower than expected, sending the shares soaring, but Credit Suisse’s settlement was roughly in line. Barclays shares were slightly down on news that it was fighting the claim.

Deutsche Bank has agreed with the DoJ to pay $3.1bn in cash and to ...

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