BERLIN (Reuters) - Germany’s Finance Ministry declined to comment on Friday on a report that Deutsche Bank (DBKGn.DE) was close to a $5.4 billion (£4.17 billion) settlement with U.S. authorities over alleged misselling of mortgage-backed securities.
“We have no comment on this,” Finance Ministry spokesman Juerg Weissgerber said in an emailed comment to Reuters.
Agence France Presse reported that Deutsche Bank was near a $5.4 billion settlement with the U.S. Department of Justice. News last week that the U.S. government would levy a fine as high as $14 billion sent Deutsche’s share price plummeting to record lows.
Reporting by Paul Carrel; Writing by Caroline Copley