Deutsche Bank says it has 'no intention' of paying a $14bn settlement demanded by the US Department of Justice over an investigation into mortgage-backed securities.
$14bn would be one of the largest penalties ever handed out by US authorities.
But Deutsche says it expects the final settlement to be far lower once negotiations have concluded.
Richard Truer of stockbroker Hargreaves Lansdown says investigations related to the global financial crisis continue.
In: "The sum…
Out: …its peers."
Dur: 31 seconds
http://www.fsnradionews.com/feeds/0916deutsche-truer1.mp3
$14bn would be one of the largest penalties ever handed out by US authorities.
But Deutsche says it expects the final settlement to be far lower once negotiations have concluded.
Richard Truer of stockbroker Hargreaves Lansdown says investigations related to the global financial crisis continue.
In: "The sum…
Out: …its peers."
Dur: 31 seconds
http://www.fsnradionews.com/feeds/0916deutsche-truer1.mp3