Deutsche Bank Talks With Justice Department Said to Continue
- Firm’s CEO wasn’t able to reach deal at meeting, Bild reported
- Lender, DOJ are trying to settle inquiry into mortgage bonds
Deutsche Bank Said to Receive Stress Test Concessions
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Deutsche Bank AG’s negotiations with the U.S. Justice Department to resolve a years-long investigation into the lender’s handling of mortgage-backed securities are continuing, according to people familiar with the matter.
Germany’s Bild newspaper reported in its Sunday edition that Chief Executive Officer John Cryan wasn’t able to reach an agreement with the Justice Department during a meeting in Washington. He was there to help negotiate potential multibillion-dollar penalties, according to the report.