Deutsche Bank to fight $14 billion demand from U.S. authorities

Deutsche Bank  (>> Deutsche Bank AG) said it would fight a $14 billion (11 billion pound) demand from the U.S. Department of Justice to settle claims it missold mortgage-backed securities, a shock bill that raises questions about the future of Germany’s largest lender.

Deutsche Bank  (>> Deutsche Bank AG) said it would fight a $14 billion (11 billion pound) demand from the U.S. Department of Justice to settle claims it missold mortgage-backed securities, a shock bill that raises questions about the future of Germany’s largest lender.

The claim against Deutsche, which is likely to trigger several months of talks, far exceeds the bank’s expectations that the DoJ would be looking for a figure of only up to 3 billion euros ($3.4 billion).

Read on.

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