Deutsche Bank, Credit Suisse Settle U.S. Subprime Probes

Deutsche Bank, Credit Suisse Settle U.S. Subprime Probes

Deutsche Bank and Credit Suisse Group agreed to pay a combined $12.5 billion to resolve U.S. investigations into sales of the toxic debt that fueled the financial crisis, putting behind them a major dispute that undermined confidence in the banks and raised questions about their turnarounds.