Violation Tracker Individual Record

Company: 
Deutsche Bank
Current Parent Company: 
Deutsche Bank
Penalty: 
$7,200,000,000
Primary Offense: 
toxic securities abuses
Violation Description: 

The Justice Department, along with federal partners, announceda $7.2 billion settlement with Deutsche Bank resolving federal civil claims that Deutsche Bank misled investors in the packaging, securitization, marketing, sale and issuance of residential mortgage-backed securities (RMBS) between 2006 and 2007. The settlement required Deutsche Bank to pay a $3.1 billion civil penalty under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) as well as to provide $4.1 billion in relief to underwater homeowners, distressed borrowers and affected communities.

Year: 
2017
Date: 
January 17, 2017
Agency: 
Justice Department Civil Division
Civil or Criminal Case: 
civil
HQ Country of Parent: 
Germany
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking & securities
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.