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Deutsche Bank shares plunge 8% after being hit by $14bn fine – business live

Discussion in 'Market News' started by Lily, Sep 16, 2016.

  1. Lily

    Lily Forum Member

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    German lender says it has no intention of paying $14bn to the DoJ

    8.09am BST

    Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

    Shakespeare once reminded us that:

    When sorrows come, they come not single spies, but in battalions.

    DEUTSCHE BANK -7.80%

    “Deutsche Bank has no intent to settle these potential civil claims anywhere near the number cited.”

    “The negotiations are only just beginning. The bank expects that they will lead to an outcome similar to those of peer banks which have settled at materially lower amounts.”

    Related: Deutsche Bank must pay $14bn fine to settle US mortgage case

    Exclusive: MPs to launch probe into FTSE chiefs' pay, governance tomorrow ahead of crackdown pledged by Theresa May. https://t.co/lp4CKRVNaY

    Prosecutor raids business of #Greece's central banker's wife in corruption probe https://t.co/zWeXZa5RHy via @WSJ @SteliosBouras1

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