Deutsche Bank still in discussions with US Justice Department

In negotiation: The bank, which set aside US6.2bil for litigation at the end of June, may face more penalties to wrap up other outstanding investigations, including a money-launder inquiry tied to its Russia operations. – Reuters

LONDON: Deutsche Bank AG’s negotiations with the US 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.