Deutsche Bank asked to pay $14 billion to resolve US mortgage securities probe

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DOJ seeks $14B from Deutsche Bank: DJ

DOJ seeks $14B from Deutsche Bank: DJ  

The Justice Department has suggested that Deutsche Bank pay $14 billion to settle a number of investigations related to mortgage securities, the bank confirmed on Thursday.

Deutsche said in a statement it “has no intent to settle these potential civil claims anywhere near the number cited.” The bank emphasized 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 AG (DB :NYSE)

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