Deutsche Bank (DB) and the US Department of Justice failed to reach an agreement

Market news

10 October 2016

Deutsche Bank (DB) and the US Department of Justice failed to reach an agreement

This was reported by the German newspaper Bild. The bank's chief executive officer met with senior officials in the US Department of Justice on Friday to discuss a huge fine, which the bank has to pay for toxic trade of mortgage-backed securities in the global financial crisis period. The talks ended without an agreement.

Bild also reported that Deutsche Bank is considering the possibility of filing claims for damages to the former managers of the bank, including former CEO of Deutsche Bank Josef Ackermann.

DB's shares rose in premarket trading to $ 13.76 (+ 0.88%).

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