Germany’s largest lender Deutsche Bank and Swiss banking giant Credit Suisse have agreed to pay a collective $12.5 billion to settle litigation stemming from their bundling of risky subprime and Alt-a mortgages during the mid-2000s credit bubble, which resulted in a severe housing collapse, billions of dollars of investor losses and widespread claims of deception. The agreements, struck just before a new administration takes the White House, adds resolution to the Obama administrations efforts to hold Wall Street’s largest banks accountable for their activities during the bubble and bust of the U.S. housing market.