Deutsche Bank has reached a settlement with the US Justice Department to pay $3.1 billion (2.9 billion euros) in civil penalties and provide $4.1 billion relief to consumers. It is the DoJ’s first accord with a European bank over misconduct that contributed to the US housing-market collapse. Source Deutsche Welle
The biggest U.S. bank said it developed a prototype digital coin that it plans to use to speed up payments between corporate customers. The token, dubbed JPM Coin, is based on blockchain technology, a decentralized public ledger of transactions that offers more speed because it doesn’t rely on a central record keeper. Source: Bloomberg
French schools are to replace the words “mother” and “father” with “parent 1” and “parent 2” under a controversial same sex amendment to a law passed this week. Source: Telegraph
FCA Group, Ford and Volkswagen led a 4.6 percent decline in European car registrations in January, industry data showed, dampened by an economic slowdown in euro zone economies and consumer jitters over Brexit and trade. Source Reuters
