REPORT: Barclays, Deutsche Bank and Credit Suisse face billions in fines before the US election
The banks face fines from the US Department of Justice, led by Attorney General Loretta Lynch, for the illegal sale of mortgage bonds in the US before the 2008 financial crisis.
The DOJ is attempting to wind up a triple deal "to achieve maximum public impact" before the US goes to the polls in November, the FT said.
Shares in Deutsche Bank have plummeted since it was revealed that the US started negotiations for Deutsche Bank's settlement at $14 billion - roughly the same as the bank's entire stock market value.
Here's how Deutsche Bank shares have reacted to the reports on its fine so far:
Investing
Germany won't grant any more government funds for its ailing banks, a senior lawmaker in Chancellor Angela Merkel's conservative bloc said on Thursday, after the government denied it was working on a rescue plan for Deutsche Bank.
Hans Michelbach, a financial expert in Bavaria's Christian Social Union said: "I cannot imagine that the state will repeat something like that."
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