U.S. DOJ alleges #DeutscheBank deceived investors.
"...A U.S. judge on Monday said Deutsche Bank AG (DBKGn.DE) must face part of a lawsuit claiming it deceived investors who bought more than $5.4 billion of preferred securities by concealing its exposure to the fast-deteriorating subprime mortgage market. ..."
http://www.reuters.com/article/us-deutschebank-decision-idUSKCN10521D
When $DB were caught red-handed someone with an interest in the Company assisted with the release of a fake reported settlement of $5.4B.
The #DeutscheBank clown crew apparently thought they'd give the "deceived money" back, and walk away without paying a fine.
"...Deutsche Bank AG is nearing an agreement with U.S. officials to pay $5.4 billion to settle charges related to its sale of toxic mortgage bonds before the financial crisis, French news agency AFP reported on Friday, citing sources.
An agreement could be announced in the next couple of days, a person familiar with the matter told AFP. ..."
http://www.foxbusiness.com/markets/2016/09/30/reports-say-deutsche-near-5-4b-settlement-over-mortgage-bonds.html
That turned about to be another #DeutscheBank deceit.
"...Deutsche Bank AG Chief Executive Officer John Cryan failed to reach an agreement with the U.S. Justice Department to resolve a years-long investigation into its mortgage-bond dealings during a meeting in Washington Friday, Germany’s Bild newspaper reported. ..."
http://www.bloomberg.com/news/articles/2016-10-08/deutsche-bank-s-cryan-doesn-t-reach-accord-with-u-s-bild-says
The paradox of iHub: buy high, sell low
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