Deutsche Bank Settles With DOJ: Will Pay $3.1 Billion Civil Penalty

Zero Hedge ^ | 12-22-16 | Tyler Durden

[dynachrome]

Deutsche Bank said it has reached settlement with US authorities to pay a $3.1 billion civil penalty (and provide $4.1bn in releief to consumers). Removing considerable uncertainty about Deutsche's capital position, one wonders how much this remarkably low-ball settlement had to do with Donald Trump's current loan re-negotiations with the "world's most systemically dangerous bank."

[dynachrome]

3.1 billion in penalties goes to who? 4.1 billion in relief, to who and how?

[dynachrome]

original source cannot be psoted except as link only, it is bloomies berg;

https://www.bloomberg.com/news/articles/2016-12-23/deutsche-bank-agrees-to-pay-3-1-billion-civil-penalty-with-department-of-justice?cmpid=socialflow-twitter-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social

[dynachrome]

posted, that is.

[RetiredTexasVet]

Correction: Stockholders will pay 3.1 billion ....criminals will pay nothing.

[dynachrome]

Yup

[Texas Eagle]

3.1 billion in penalties goes to who? 4.1 billion in relief, to who and how?

The bulk of the settlement will go the attorneys involved.

Everyone else will get a check for Three dollars and eighty-five cents.

We got one of those checks a few years ago from our mortgage company after they settled some sort of litigation with some government extortion entity.

[Paladin2]

What leftist orgs is the DOJ going to give the dough to?

[Extremely Extreme Extremist]

Yeah! Down with the evil capitalist pigs!

[dynachrome]

Charity, like the klintoon foundation/s

[dynachrome]

We need to be more like Venezuela, comrade!

[Carry me back]

This administration has stolen so much and passed it around to the people they consider worthy.

[Carry me back]

They continue to steal right up until the end.

[Beautiful_Gracious_Skies]

Probably to La Raza.or Muz-resettlement programs, that’s how they redistribute money from the banks and fund the conquering of the USA.

[Socon-Econ]

The only way a bank can be free of failure risk is to make no loans and be only a money repository.

[butlerweave]

which freak show group will Obama give the money to this time?

[combat_boots]

Even money says most of it will disappear.

[dangus]

Deutsche Bank is both the creator of the 99% movement, and the destroyer of Greece-Spain-Portugal.

Yes those nations were socialistic, but fiscally they weren’t as bad as the U.S. under our socialist scumbag in chief. They were mortally wounded by DB, and unable to heal because of the EU.