European Banks Fall as Prospect of Billion-Dollar Fines Loom

September 16, 2016 12:06 PM

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Investors in Europe’s biggest banks, frustrated with the problems of today, just got a reminder that the lenders still have to pay for the sins of the past.

Shares in Credit Suisse Group AG, Royal Bank of Scotland Group Plc, Barclays Plc and UBS Group AG fell after Deutsche Bank AG disclosed that the U.S. Department of Justice is seeking $14 billion to settle claims it sold faulty securities before the financial crisis. While U.S. rivals including JPMor...

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