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US Justice Department Asks Deutsche Bank for $14Bln to End Mortgage Probe

© REUTERS / Toby Melville/FilesWorkers walk past the London headquarters of Deutsche Bank in the City of London, Britain in this May 19, 2015 file photo
Workers walk past the London headquarters of Deutsche Bank in the City of London, Britain in this May 19, 2015 file photo - Sputnik International
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The US Department of Justice has proposed a $14 billion payment to settle potential civil claims involving residential mortgage-backed securities, Deutsche Bank said in a statement.

WASHINGTON (Sputnik) — According to the statement, Deutsche Bank will not settle the potential claims for "anywhere near the number cited," and that the Justice Department has asked the Bank to make a counter-proposal.

"Deutsche Bank confirms that it has commenced negotiations with the Department of Justice in the United States (DOJ) with a view to seeking to settle civil claims that the DOJ may consider in connection with the bank’s issuance and underwriting of residential mortgage-backed securities," the statement noted on Thursday evening. "The bank confirms market speculation of an opening position by the DOJ of USD 14 billion."

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