MOSCOW (Sputnik) – The settlement was agreed "in principle," Deutsche Bank said as quoted by The Wall Street Journal on Friday.
The bank will also have to provide $4.1 billion in consumer relief.
Deutsche Bank confirmed the start of negotiations with the Justice Department in September, saying that it considered $2-3 billion as a reasonable amount to settle the claims.
The bank reportedly already paid $1.9 billion in 2013 to settle some US claims related to mortgaged-backed securities.
Several major US banks have paid large settlements for allegedly providing misleading information to investors on the securities. In 2014, Bank of America Corp. paid $16.65 billion to settle such claims.