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Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact 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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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.