Deutsche Bank has said that it will fight the $14bn fine from the US Department of Justice for allegedly misselling mortgage-backed securities. The bank is expected to argue in court on Monday that its actions were not illegal and that the government should drop all charges against it. The $14bn fine, if paid, would be one of the largest paid by banks to US authorities in recent times.
Deutsche Bank has said that it will fight the $14bn fine from the US Department of Justice for allegedly misselling mortgage-backed securities. The bank has stated that it has “no intent” to settle a claim at that amount, noting lower fines for similar banks. The $14bn fine, if paid, would be one of the largest paid by banks to US authorities in recent times.