Deutsche Bank AG recently agreed to a settlement with the Department of Justice (DoJ), in principle, requiring the bank to pay a civil penalty of $3.1 billion and provide $4.1 billion in consumer relief over claims regarding certain activities between 2005 and 2007 that contributed to the 2008 financial crisis.
The total settlement amount is roughly half the $14 billion the DoJ initially requested.
Read on to learn more about the settlement.