The claim against Deutsche, which is likely to be negotiated in several months of talks, far outstrips the bank’s and investors’ expectations for such costs. "Deutsche Bank has no intention to settle.
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Under its $5.3 billion deal with the U.S. Department of Justice, the bank will pay a $2.5 billion fine and put. Related: Barclays sued by US over billions of dollars in toxic mortgages Local media.
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The US Justice Department wants Deutsche Bank to pay $US14 billion to settle mortgage-securities probes stemming from the financial crisis, the Wall street journal reported, citing people familiar.
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Wells Fargo will pay a $2.09 billion civil penalty. In a separate statement, Wells fargo ceo tim sloan said the bank was "pleased to put behind us these legacy issues regarding claims related to.
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