Germany expects fair result in Deutsche Bank U.S. mortgages case

September 16, 2016 6:22 AM EDT

The headquarters of Germany's Deutsche Bank is photographed early evening in Frankfurt, Germany, January 26, 2016. REUTERS/Kai Pfaffenbach/File Photo


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BERLIN (Reuters) - Germany's Finance Ministry said on Friday it expected a fair result to a U.S. investigation into Deutsche Bank's selling of mortgage-backed securities.

"The government is aware that the U.S. authorities have agreed similar settlement payments with other credit institutions," Finance Ministry spokeswoman Friederike von Tiesenhausen told a regular government news conference.

"The government expects that at the end of this process a fair result will be achieved on the basis of equal treatment," she added.

Germany's flagship lender said on Friday that the U.S. Department of Justice is asking it to pay $14 billion to settle an investigation into its selling of mortgage-backed securities.

(Reporting by Paul Carrel and Caroline Copley)



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