More fines: A pedestrian passes a Deutsche Bank branch in Frankfurt. The bank may face additional penalties to wrap up other outstanding investigations, including one into a money-laundering probe tied to its Russia operations. — Bloomberg
NEW YORK: Deutsche Bank AG chief executive officer John Cryan failed to reach an agreement with the US Justice Department to resolve a years-long investigation into its mortgage-bond dealings during a meeting in Washington, Germany’s Bild newspaper reported.
The meeting was meant to negotiate the multi-billion-dollar settlement the bank will have to pay to resolve alleged misconduct arising from its dealings in residential-mortgage backed securities that led to the 2008 financial crisis, according to a Bild am Sonntag report.
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