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To coax banks to settlements, FDIC keeps deals quiet

By E. Scott Reckard Published: March 12, 2013

Since the mortgage meltdown, the agency has opted to strike deals with banks rather than sue - and promised not to tell.

Three years ago, the Federal Deposit Insurance Corp. collected $54 million from Deutsche Bank in a settlement over unsound loans that contributed to a spectacular California bank failure.

The deal might have...
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