Banks set­tle US toxic debt probes

China Daily (Hong Kong) - - BUSINESS -

Deutsche Bank AG and Credit Suisse Group AG agreed to pay a com­bined $12.5 bil­lion to re­solve US in­ves­ti­ga­tions into sales of the toxic debt that fu­eled the fi­nan­cial cri­sis, putting be­hind them a ma­jor dis­pute that un­der­mined con-

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