Deutsche Bank could handle even high-end DOJ fine - Moody's



Ratings agency Moody's said it would be positive for Deutsche Bank's bondholders if the lender could settle U.S. allegations that it mis-sold mortgage-backed securities for around 2.75 billion euros, or 2.39 billion pounds.
The U.S. Department of Justice has demanded a fine of up to $14 billion, though AFP reported late on Friday that Deutsche and the DOJ were close to agreeing on a settlement of $5.4 billion. The AFP report has not been confirmed.
In its weekly credit note on Monday, Moody's said it assumed at least half of Deutsche Bank's 5.5 billion euros of litigation reserves at the... read more

 
3 October 2016 in Business, Views: 42
Source: Reuters
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