Relevant:
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- Why you should be skeptical of that $5.4-billion Deutsche Bank settlement
- Deutsche Bank warns of $6.4 billion loss
2016-09-30 — bloomberg.com
Deutsche Bank AGÂ jumped the most in almost six months after a media report that the lender is nearing a $5.4 billion settlement with the U.S. Department of Justice, less than half the amount initially requested.
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"The amount would be very good news, below what consensus expects now," said Jerome Legras, an investor at Axiom Alternative Investments, who holds a short position on the lender. "Deutsche Bank has dropped so much as there is so much speculation circulating -- at some point people just want to make a profit on short positions."
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