trending Market Intelligence /marketintelligence/en/news-insights/trending/mrpdp17yamvvnvozldbszg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

DOJ looks to close Barclays, Credit Suisse, Deutsche Bank misselling cases before election

Energy

Power Forecast Briefing: Fleet Transformation, Under-Powered Markets, and Green Energy in 2018

Outdoor/Out-Of-Home Ad Revenue Projections: Digital To Drive Growth

Asia And Europe Continue To Dominate The UHD Scene

S&P Global Market Intelligence

Cannabis Hashing Out a Budding Industry


DOJ looks to close Barclays, Credit Suisse, Deutsche Bank misselling cases before election

The U.S. Department of Justice wants to reach in ongoingmortgage-securities misselling cases with Barclays Plc, Credit Suisse Group AG and before the U.S.presidential election in November, the FinancialTimes reported Sept. 30, citing "two people familiar with thediscussions."

In striking deals simultaneously with all three of theEuropean banks, the DOJ is believed to want to grab public attention "bycollecting an eye-catching sum in penalties," a source told the newspaper.

Moreover, by bringing the U.K. and Swiss banks into theround of penalty agreements, the move could take the spotlight off DeutscheBank amid growing clientjitters over the DOJ's September revelation that it is seeking$14 billion from theGerman bank to settle a probe into RMBS.

Deutsche Bank noted at the time of the announcement that itwould aim tonegotiate a reduction, adding that it had "no intent to settlethose potential civil claims anywhere near the number cited" and that itexpects to end up paying fines similar to those being sought from other banks.