September 30, 2016 / 3:57 PM / 2 years ago

German FinMin declines comment on report Deutsche near U.S. settlement

BERLIN, Sept 30 (Reuters) - Germany’s Finance Ministry declined to comment on Friday on a report that Deutsche Bank was close to a $5.4 billion settlement with U.S. authorities over alleged misselling of mortgage-backed securities.

“We have no comment on this,” Finance Ministry spokesman Juerg Weissgerber said in an emailed comment to Reuters.

Agence France Presse reported that Deutsche Bank was near a $5.4 billion settlement with the U.S. Department of Justice. News last week that the U.S. government would levy a fine as high as $14 billion sent Deutsche’s share price plummeting to record lows.

Reporting by Paul Carrel; Writing by Caroline Copley

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