Deutsche, Credit Suisse to compensate consumers post-crisis

Nine years after the collapse of the U.S. housing market sent shockwaves through the global economy, two European banks have agreed to offer American homeowners and borrowers billions of dollars' worth of help under a settlement related to the sale of risky securities that helped spark the 2008 crisis.

Deutsche Bank and Credit Suisse said Friday they agreed to the tentative settlements with the U.S. Justice Department over their dealings in mortgage-backed bonds.