Deutsche Bank nears $5.4 billion settlement over mortgage bonds: AFP
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A vintage clock with the logo of Deutsche Bank is pictured outside the bank's branch in Wiesbaden, Germany, January 28, 2015. REUTERS/Kai Pfaffenbach/File Photo
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(Reuters) - Deutsche Bank AG
Germany's largest lender said about two weeks ago it would fight a $14 billion demand from the U.S. Department of Justice to settle claims it missold the securities.
An agreement could be announced in the next couple of days, a person familiar with the matter told AFP.
The final amount of the settlement could be slightly different, the source said. (http://yhoo.it/2dfHX74)
Deutsche Bank and DoJ officials declined to comment.
The bank's U.S.-listed shares (NYSE: DB) were up 13.4 percent at $13.02 in heavy midday trading. The stock rose as much as 15.16 percent, its best intraday percentage gain in nearly five years.
Deutsche Bank's Frankfurt-listed shares closed 6.4 percent higher at 11.57 euros after the AFP story emerged.
(Reporting by Sruthi Shankar in Bengaluru; Editing by Ted Kerr)
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