Deutsche Bank: No plan to pay $14B Justice Dept. settlement

September 16, 2016 8:19 AM

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Deutsche Bank: No plan to pay $14B Justice Dept. settlement

Deutsche Bank AG says it does not intend to pay $14 billion to settle civil claims with the U.S. Department of Justice for its handling of residential mortgage-backed securities and related transactions.

The bank confirmed Friday in a statement that the Justice Department had proposed a settlement of $14 billion and asked the German bank to make a counter proposal.

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