US Treasury is ready to destroy the largest bank in Germany
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American newspaper The Wall Street Journal reports that the US Treasury confirms its previously expressed thesis about the need to penalize the largest bank in Germany and the entire EU - Deutsche Bank. The US financial department believes that Deutsche Bank was dealing with mortgage lending prices in the period before the 2008-2010 crisis.
The question is not only how since the Ministry of Finance of the United States can afford to intervene in the activities of a large German bank, but also where did the impressive amount of the proposed penal measures come from? And this amount is 14 billion dollars. Representatives of the bank reported that they actually received a claim from the United States for a specified amount, which, if paid, would actually destroy Deutsche Bank and will lead to difficultly predictable consequences for the European economy.
After news of the amount of the fine that the US Treasury Department is trying to expose to the German bank, the shares Deutsche Bank dropped in price by more than 7% in just a few hours of trading.
According to The Wall Street Journal, the bank's capitalization, allowing it to resolve financial disputes does not exceed 6-6,5 billion dollars. In this regard, bank experts said they did not intend to pay the amount of the fine indicated by the States. The bank expects that it will be possible to come to an agreement with the Americans "within the sum of 2-3 billion dollars". Volkswagen is still negotiating "exhaust" ...
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