Deutsche, Credit Suisse settle mega RMBS fines

Megan van Ooyen from SAS rounds up the top five operational risk losses for January 2017

Deutsche Bank in Frankfurt
RMBS failings caught up with Deutsche Bank in the form of $7.2 billion settlement

Settlements between banks and US regulators went into overdrive in January, as many lenders scrambled to finalise settlements with watchdogs ahead of the inauguration of Donald Trump on January 20, and the advent of a new, unknown regime.

January’s cumulative $13.6 billion in fines – led by the long-awaited residential mortgage-backed securities (RMBS) misselling settlements between US regulators and Deutsche Bank and Credit Suisse – is the highest aggregate since August 2014, when Bank of

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