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Deutsche Bank faces $2.4 billion-plus U.S. settlement demand: manager magazine
Deutsche Bank (DBKGn.DE) is expected to receive a demand for more than $2.4 billion from U.S. authorities in settlement of an investigation into past misspelling of mortgage-backed securities, a German monthly magazine reported. The U.S. Department of Justice (DoJ) is expected to send Deutsche Bank a statement of facts stretching to about 100 pages early next week, manager magazine said, adding that the document will specify how much Deutsche must pay to settle the case. Deutsche Bank declined to comment. The bank's shares rose 3.6 percent in a flat German market, with traders citing relief that Deutsche Bank could ... (full story)