Even if Deutsche Bank Can Negotiate a Lower Fine, It Still Faces an Uphill Battle: TheStreet

TheStreet

Published on Sep 26, 2016

Deutsche Bank vows to negotiate the U.S. Justice Department's $14 billion fine lower, but even if that happens, there's still plenty of negativity surrounding the stock, according to one analyst. James Hughes, chief market strategist at GKFX, based in London, said the bank has set aside $6 billion to deal with legal fines - far less than the Justice Department's fine. He said there's concern Deutsche Bank doesn't have enough capital to cover the fine. Shares plunged to a record low on Monday after Germany's government said it wouldn't bailout the bank. TheStreet's Scott Gamm reports from Wall Street.

 http://www.4-traders.com/DEUTSCHE-BANK-AG-435694/

#deutschebank crash. Is this why Merkel told Germans to draw out cash and stock up with food?

— Highlander (@JackTSunn) September 26, 2016

#DeutscheBank slides 6% on report Merkel won't help the #troubledlender https://t.co/Fc8FqgaD2L pic.twitter.com/MySXwFX18j

— German Trends (@Germanolizer) September 26, 2016

#DeutscheBank Stock Plunges To All Time Low After Merkel Rules Out State Bailout; Default Risk Surges Sept 26 https://t.co/BcvLIlREv0

— TraderStef (@TraderStef) September 26, 2016