Daily Kickstart (“Sh*t Loans” Edition)

Deutsche Bank and Credit Suisse are on the move overnight after the banks both settled mortgage securities fraud suits with the US for $7.2 billion and $5.3 billion, respectively. Deutsche rose as much as 4% in Frankfurt trading: The settlement comes as something of a relief for weary Deutsche Bank shareholders who previously feared the penalty could be much larger. The bank has already paid handsomely to resolve a number of  legacy fraud cases including some $2.5 billion in April of 2015