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Published on Sep 16, 2016
Shares
of Deutsche Bank were lower Friday as the Justice Department and the
bank are apparently not on the same page. The DOJ proposed a $14 billion
settlement tied to Deutsche Bank's previous sale of mortgage-backed
securities. Deutsche Bank responded saying in a statement that it has
"no intent" to settle the civil claims "anywhere near the number cited."
The bank adding that "negotiations are only just beginning" and it
expects that they will lead to an "outcome similar to those of peer
banks which have settled at materially lower amounts."
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