30-09-2016 18:30 via news.yahoo.com

Deutsche Bank close to slashing US fine: source

Deutsche Bank is near a deal with US officials to slash a huge fine over its dealings prior to the 2008 financial crisis, a source said Friday, sparking a dramatic rally in the German giant's shares. Stock in Germany's biggest lender closed at 11.57 euros ($13), up 6.39 percent on Thursday's close after a flurry of last-minute buying activity following the news the bank had negotiated a much lower fine than expected with the US Department of Justice. Deutsche Bank is close to settling the fine o
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