Deutsche Bank races against time to reach U.S. settlement



Deutsche Bank (DBKGn.DE) is throwing its energies into reaching a settlement before next month's presidential election with U.S. 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.
Its shares won't trade in Germany on Monday because of a public holiday, but they will resume trading on the U.S. market later on Monday.
A media report late on Friday that... read more

 
3 October 2016 in Business, Views: 36
Source: Reuters
Share:
 




News Widget for Webmasters


Realtime News

 

«
»
Mo Tu We Th Fr Sa Su
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31