Deutsche Bank gets a £6.6bn lifeline: Shares leap 13.2% on rumours US authorities have reduced £10.8bn fine

Deutsche Bank shares bounced back after hitting a new low on rumours that it had negotiated down a crippling £10.8billion fine.
Shares in the beleaguered German lender leapt 13.2 per cent after it appeared to strike a deal with the US Department of Justice over penalties for mis-selling toxic bundles of mortgage debt in the run-up to the financial crisis.
It was feared the original fine could destroy the bank, which has lost more than half its value in the past year and is now worth just £13billion. 
But last night it was claimed that crisis talks had resulted in the amount being cut to a... read more

30 September 2016 in Business, Views: 52
Source: Daily Mail

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