Even if the ailing institution manages to renegotiate its $14bn penalty, its plight has revealed alarming truths about the banking industry as a whole Can the crisis be over at Deutsche Bank? The immediate storm will pass if the US Department of Justice has dropped its demand for $14bn (£10.8bn) to cover mis-sold mortgage securities and is instead close to settling for a much lower sum. That outcome will calm market nerves and provide a vindication of sorts for John Cryan, the beleaguered bank'...
Deutsche is proof that bank regulators have just been hoping for the best
The Guardian - 2 Oct 2016 08:00
Even if the ailing institution manages to renegotiate its $14bn penalty, its plight has revealed alarming truths about the banking industry as a whole Can the crisis be over at Deutsche Bank? The immediate storm will pass if the US Department of Justice has dropped its demand for $14bn (£10.8bn) to cover mis-sold mortgage securities and is instead close to settling for a much lower sum. That outcome will calm market nerves and provide a vindication of sorts for John Cryan, the beleaguered bank'...
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