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28

Morning Agenda: Justice Dept. vs. Banks, a 1MDB Cloud, Hedge Fund Math

By Tony Seruga

The Barclays Bank building in Canary Wharf, London. CreditKevin Coombs/Reuters

Deutsche Bank has reached a tentative deal to resolve a federal investigation into its sale of toxic mortgage securities, which will cost it $7.2 billion.

The civil settlement includes a $3.1 billion penalty and $4.1 billion of relief to American customers, which it said would be “primarily in the form of loan modifications and other assistance to homeowners.”…

Morning Agenda: Justice Dept. vs. Banks, a 1MDB Cloud, Hedge Fund Math

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