Deutsche Bank says U.S. seeks $14 billion as settlement in mortgage case

Deutsche Bank says U.S. seeks $14 billion as settlement in mortgage case. MCTlive! Features Overview - Capital Markets Software for Mortgage Bankers

Deutsche Bank says U.S. seeks $14 billion as settlement in mortgage case video duration 1 Minute(s) 29 Second(s), published by Harsha Nuuu on 16 09 2016 - 07:36:53.

The U.S
Department of Justice is asking Deutsche Bank (DBKGn.DE) to pay $14 billion to settle an investigation into its selling of mortgage-backed securities, Rates are at a crossroads as Mortgage Bonds hold their ground
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The U.S. Department of Justice is asking Deutsche Bank (DBKGn.DE) to pay $14 billion to settle an investigation into its selling of mortgage-backed securities, Germany's flagship lender said on Friday.

The claim against Deutsche, which is likely to be negotiated in several months of talks, far outstrips the bank's and investors' expectations for such costs.

While it is yet to become clear what the final payment will be, if it were to be as high as $14 billion, this would be a severe strain for Deutsche's fragile finances and would likely further rock investor confidence in the bank.

The bank's US-listed shares fell 8 percent in after-hours trading.

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