Deutsche Bank falls to lowest level in 24 years on the stock market, weighed down by concerns about the financial soundness of the German bank in view of the mega compensation from $ 14 billion demanded by the US to close the dispute linked to subprime mortgages.
Deutsche Bank has received from the US authorities the request to pay $ 14 bn to close the case into mortgage-backed securities. As reported by the Wall Street Journal, the facts are previous to the outbreak of the 2008 crisis that led to the failure of Lehman Brothers. Certainly, if the figure is confirmed, it would not only among the highest paid to resolve similar issues but it would much over analysts’ expectations of the German group.
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