Berlin pursues discreet talks with U.S. officials on Deutsche Bank

Berlin pursues discreet talks with U.S. officials on Deutsche Bank
 

The German government is pursuing discreet talks with U.S. authorities to help Deutsche Bank (DBKGn.DE) secure a swift settlement over the sale of toxic mortgage bonds, according to sources in Berlin.
Until now, German officials have played down their role in the standoff, saying it is up to Deutsche to work out a deal with the U.S. Department of Justice (DOJ), which is demanding up to $14 billion to settle claims the lender mis-sold mortgage-backed securities before the financial crisis.
But government officials in Berlin, speaking on condition of anonymity, told Reuters they hoped to... read more

 
6 October 2016 in Business, Views: 44
Source: Reuters
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