“DEUTSCHE BANK has no intent to settle these potential civil claims anywhere near the number cited.” Shock may explain the rickety syntax.
On September 16th Germany’s largest bank confirmed reports that America’s Department of Justice had asked for $14 billion to settle possible claims connected with the underwriting and sale of residential-mortgage-backed securities (RMBSs) between 2005 and 2007. Deutsche’s share price, already hovering close to record lows after a wretched year, plunged by more than 8%. So did those of other European banks yet to agree terms with the DoJ over RMBSs.
