Deutsche Bank may have to wait until next year to settle a massive US fine which has dented its share price and cast doubt on its future.
The bank’s shares slumped to a record low last month after it emerged that the US Department of Justice wanted to fine it $14bn (£11bn) for alleged mis-selling of mortgage-backed securities in the run-up to the financial crisis.
A penalty on that scale threatens Deutsche’s very existence: even at half that level it would be well in excess of current cash reserves and force it to seek new funds from investors or the government.
Its stock jumped earlier this month when rumours emerged that the bank might have reached a settlement with US authorities at a much lower level but nothing was ultim…
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