Deutsche Bank Disputes Justice Department Settlement Amount

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People walk past a branch of Deutsche Bank on Feb. 9, 2016 in Berlin, Germany. The Justice Department asked the bank to pay $14 billion to settle an investigation into risky mortgage practices leading up to the financial crisis. (Sean Gallup/Getty Images)
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Shares in Deutsche Bank tumbled this morning, after word that the Justice Department wants the bank to pay $14 billion to settle an investigation into risky mortgage practices leading up to the financial crisis.

However, the company said it does not intend to settle the potential civil claims “anywhere near the number cited.”

Here & Now‘s Jeremy Hobson speaks with Michael Regan of Bloomberg Gadfly about what is expected out of the negotiations, and where this falls in the government’s effort to hold banks accountable for risky practices related to the crisis.

Guest

Michael Regan, columnist for Bloomberg Gadfly. He tweets @Reganonymous.

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