'No reason to worry' even after US asks Deutsche Bank to pay $14 billion

September 16, 2016 12:06 PM

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'No reason to worry' even after US asks Deutsche Bank to pay $14 billion

German lender Deutsche Bank sounded an optimistic tone Friday, despite its shares suffering their worst day since late June following the news of a proposed $14 billion settlement by the U.S. Justice Department.

Jorg Eigendorf, head of communications and senior group director at Deutsche Bank, said that the bank had a "comfortable cushion" after the DOJ suggested that the bank pay $14 billion to settle a number of investigations related to mortgage securities. Reports state that investigations refer to the ...

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