Deutsche Bank – US Justice: mission failed

Deutsche Bank CEO John Cryan didn't find an agreement with the US Justice Department to close the investigation opened on subprime mortgages in the United States during a meeting in Washington, as Bild Sunday edition reported.

The report noted that German lender and U.S. authorities haven't broken off their talks. Concerns about the bank's ability to pay a $14 billion opening settlement bid from the Justice Department sent the company's stock to a record low last month. Cryan has reportedly said he expects U.S. authorities to scale back the initial request.

A Deutsche Bank spokesman declined to comment on the status of talks and on Bild’s article. A representative for the Justice Department declined to comment when contacted after the newspaper report.

The German lender is still considering seeking damages against Anshu Jain and Josef Ackermann, who are both former CEOs of the bank, newspaper reported. Bild said the bank froze part of the millions in bonus payments to Jain and other former top managers.