Deutsche Bank pressure eases as US fine looks smaller

NEW YORK: Heavy market pressure on Deutsche Bank has eased as a knowledgeable source told AFP the US fine over toxic debt it sold would be only $5.4 billion, not the $14 billion originally demanded.

A person familiar with the talks between Deutsche Bank and the Department of Justice said an agreement could come in the next few days to settle the US government charges that the bank knowingly sold high-risk mortgage securities ahead of the 2008 financial crisis.

The final amount of the settlement could also be slightly different, said the person, who spoke on condition of anonymity.