A PYMNTS Company

US: Deutsche Bank rushing to settle before elections

By  |  October 3, 2016

Deutsche Bank is throwing its energies into reaching a settlement before next month’s presidential election with US authorities demanding a fine of up to $14 billion for mis-selling mortgage-backed securities.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The threat of such a large fine has pushed Deutsche shares to record lows, and a cut-price settlement is urgently needed to reverse the trend and help to restore confidence in Germany’s largest lender.

    Like fellow large European banks also under investigation for mis-selling mortgage-backed securities, Credit Suisse and Barclays, Deutsche wants to get a deal done with the current administration still in power.

    Full Content: Fortune

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.