Still collecting those fines 8 year later
Deutsche Bank has settled with the Department of Justice for 7.2B from the RMBS debacle. That is down from the 14B fine announced in September. This is the largest of fines apparently.
Shares of DB are trading at $18.60, down $0.58 on the day and at the lows for the day.
Looking at the daily chart, the price low reached $11.185 at the end of September (after the initial fine amount). Since that time the price has rebounded to a high of $19.63 reached on January 4th. That high stalled near the end of April high. The 50 day MA is at 17.2984. That MA and trend line are downside targets.
