The major banks have forced to lose a billion – Expressen

The German major banks have Deutsche Bank may face a fine of 7.2 billion dollars, around 65 billion Swedish kronor, at the us department of justice (DOJ) in a settlement. This was announced by the banker during the night to Friday.

Deutsche was one of the many banks that traded in mortgage-backed securities before the 2008 financial crisis, and the us authorities believe that it had been misleading.

Deutsche Bank to pay $ 3.1 bn in cash and 4.1 billion over time in the form of relief to customers in the united states.

A final agreement, however, is not reached yet but still to come forward to shows on.

the Bank is expected to report a negative non-recurring item of around sek 1.17 billion dollars in the fourth quarter in the wake of kontantboten.

Munkhammar: “It is not a good system”

Many had feared that the amount would be larger. The day’s Viktor Munkhammar think that this probably is a relief in two ways. Partly because the amount is lower than anticipated, but also that there will be clarity in the deal.

at the same time, he is critical to the discussion of the Deutsche Bank.

it depends a bit of how skilled the lawyers you have about, it is not a good system, ” he says.

Bötessmäll for Credit Suisse

Deutsche is not the other bank that gets fined. Credit Suisse will receive a total of 5,28 billion dollars in an american settlement, the relevant mortgaged assets, according to a press release on Friday morning.

the Bank may be fined 2,48 billion in a kontantbot and 2.8 billion in the form of relief to american customers.

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