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The US Justice Department has asked Deutsche Bank to pay $14 billion in settlement of a number of investigations in respect of mortgage securities, as reported by the Wall Street Journal.
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According to a statement, the bank said that it “has no intent to settle these potential civil claims anywhere near the number cited.” The bank emphasised that negotiations have just started and that it expects the outcome to be “similar to those of peer banks which have settled at materially lower amounts.”
Deutsche Bank’s US-listed ... (read more)