Speculative reports of Deutsche Bank-DoJ settlement surface
By Alexander Bueso
Date: Friday 30 Sep 2016
(ShareCast News) - According to AFP, the US Department of Justice might be set to announce a $5.4bn settlement with Deutsche Bank "in coming days".
The fine linked to its sales of residential mortgage backed securities in the run-up to the Great Financial Crisis would be $5.4bn, well short of the DoJ's inital demand of $14bn, a person familiar with the talks between the two parties told AFP.
An agreement might be announced in the next couple of days, and the final amount decided upon "slightly different", the same source reportedly said.
As of 1428 BST shares in the German lender were bouncing back to €10.78.
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