Deutsche Bank tells staff no bailout needed for U.S. settlement: source

Deutsche Bank sought to reassure staff about its financial strength on Friday, in the wake of a $7.2 billion settlement with the U.S. Department of Justice (DoJ) over its sale and pooling of toxic mortgage securities. Germany's flagship lender said in a memo to employees that it did not need a government bailout to fund the agreement, according to a person familiar with the memo, which was posted on Deutsche Bank's intranet site on Friday. A person close to Deutsche Bank earlier said it also did