Your Daily Dose of Financial News

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Deutsche Bank and the DOJ have put the finishing touches on the deal to resolve the investigation into DB’s role in its sale of toxic RMBS. The bank will fork over $7.2 billion in total, including a $3.1 billion civil penalty and $4.1 billion in consumer relief – NYTimes and WSJ and Bloomberg and Law360

US Bank Chief Richard Davis has announced plans to step down—an expected move that will usher in the Andrew Cecere era come April – WSJ

The FTC has sued semiconductor company Qualcomm over alleged anticompetitive tactics related to cellphone chips – WSJ and Bloomberg

The Deal Professor looks at [some of] the many issues plaguing Sears—among others—who haven’t managed an answer to Amazon (ironically, enough, the current retailer perhaps best embodying the original spirit of the “buy anything here” feel of Sears Roebuck) – NYTimes

NY’s none-too-impressed by the OCC’s proposed Fintech charter (aimed at nonbank online lenders and other financial tech firms) – Law360

The highlights from PM May’s Brexit speech yesterday [and why they matter] – NYTimes

Even as a January thaw threatens the snowpack here in Minnesota, Mainers are celebrating the season with the US National Toboggan Championships in Camden, ME – NYTimes

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