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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Deutsche Mortgage Securities $7.2B Settlement with U.S.

December, 23 2016
watermark Economic news

Deutsche bank has finally decided to a $7.2 billion settlement with U.S. regarding its toxic assets in the 2008 crisis. This offers aid to weakened bank who was badly distraught in September as they are accountable with slumped of U.S. housing market.

The German lender does not intend to increase its capital to solve this problem which is anticipated to be settled in early next year. Part of the agreement is to pay $3.1 billion for penalty and $4.1 billion for customers involving loan forgiveness. Nevertheless, this is still yet to be concluded.

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.