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Deutsche Bank to pay Vestia 175 mln euros settlement in derivatives suit

Contributed by NAMPA / Reuters.

AMSTERDAM, July 12 (Reuters) - Dutch housing cooperation
Vestia said on Friday Deutsche Bank would pay it 175 million
euros ($197 million) to settle claims the German bank had
improperly sold it interest rate derivatives.
In a statement on its website, Vestia said it would cancel
the suit it had been pursuing against Deutsche Bank at the High
Court of Justice in London.
Vestia nearly went bankrupt in 2012 after suffering 2
billion euros in losses on derivativ ...

 

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