By Aruna Viswanatha 

WASHINGTON -- Deutsche Bank AG completed a $7.2 billion deal to resolve U.S. claims that it misled investors on mortgage securities it sold before the 2008 financial crisis, authorities said Tuesday.

The German lender admitted in a 71-page statement of facts that it made "false representations" to mortgage bond investors and omitted material information in disclosures to them, according to the agreement with the U.S. Justice Department.

The bank had reached an "agreement in principle" in late December, under which it would pay a $3.1 billion civil penalty and agree to fund $4.1 billion in help to struggling borrowers.

The settlement comes as the Obama administration races to close out long-running investigations in advance of its departure later this week. Credit Suisse Group AG had similarly reached a $5.3 billion deal, which is expected to be finalized later this week.

Write to Aruna Viswanatha at Aruna.Viswanatha@wsj.com

(END) Dow Jones Newswires

January 17, 2017 15:42 ET (20:42 GMT)