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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.

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

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