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With interest rates so low, individual investors have been piling into bank-loan funds, taking on more risk as they seek higher yields and a hedge against inflation. In April $729 million flowed into U.S. mutual funds that invest in the corporate debt, also known as floating-rate loans, according to preliminary data from EPFR Global, a research firm.
Thursday's agreement settles a case brought last year, in which the Justice Department alleged the Deutsche unit "recklessly" lied about the quality of loans made by the unit of the German bank and guaranteed by the U.S. government. Justice said in May 2011 that it was seeking to recover damages and losses to government lending programs that could exceed $1 billion.
