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REPORT: Deutsche Bank is close to a $5.4 billion settlement with the US government (DB)

Deutsche Bank is taking off after Agence France-Presse reported the bank is closing in on a $5.4 billion settlement with the US government over mortgage-backed securities from the financial crisis. This is much lower than the $14 billion settlement originally reported two weeks ago. The settlement announcement could come in the next few days, according to the AFP report, which cited a source close to the matter.
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