Deutsche Bank Shares Stumble As DoJ Settlement Looms
by Tyler Durden
ZeroHedge.com
Dec 19, 2016
Deutsche Bank shares are sliding this morning after headlines from CNBC reporting a settlement is close (as soon as Wednesday) with the US Justice Department over mortgage fraud. With analyst expectations/hopes in the $2 to $5 billion range (against the initial $14 billion fine), reports say the bank is set to pay “less than $14 billion” which has perhaps spooked investors with its uncertainty.
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