U.S. Seeks $14 Billion From Deutsche Bank Over Mortgage Mis-Selling Allegations

September 16, 2016 7:41 AM

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The U.S. Department of Justice is asking Deutsche Bank to pay $14 billion to settle an investigation into its selling of mortgage-backed securities, Germany's flagship lender said on Friday.

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.

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