Rumored Reduction In Deutsche Bank Fine Has Critics Howling

Law360, New York (September 30, 2016, 7:56 PM EDT) -- Reports on Friday that the U.S. Department of Justice and Deutsche Bank have reached a settlement over the German bank’s mortgage-backed securities sales that is far lower than the $14 billion that the U.S. originally sought has critics claiming that big banks remain too big to jail.

The rumored $14 billion penalty, which would have been a combination of a civil money penalty and consumer relief rather than $14 billion in straight cash, sparked worries of Deutsche Bank AG's potential failure. That led to a collapse...
To view the full article, register now.