Deutsche Bank Shares Tumble as no DoJ Deal Reached
Posted: Sun Oct 09, 2016 10:23 am
Deutsche Bank’s woes continued today as shares fell by more than 3 percent after Chief Executive John Cryan failed to secure a speedy deal with the U.S. Department of Justice (DoJ) over the misselling of mortgage-backed securities.
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Cryan was attending the International Monetary Fund and World Bank’s autumn meetings in Washington, raising some hopes that he might personally negotiate down the $14 billion fine the DoJ has demanded.
However, as reported by Finance Magnates last week when it was revealed that the German lender was ... (read more)