News for hackers. Stuff that matters.

A comment on Deutsche Bank to fight $14B demand from U.S. authorities. Parent comment

Re:Deutsche Bank to fight $14B demand from U.S. authorities by divbyzer0 on Friday September 16, 2016 @10:03AM (#12514049)
I wonder if this to reciprocate for the decision by the EU against Apple to the tune of $14 billion.

Numbers seem very similar. Coincidence?

[ Parent | on HN ]
Re:Deutsche Bank to fight $14B demand from U.S. authorities by pkaye on Friday September 16, 2016 @10:28AM (#12514214)
The US was asking other banks for similar amounts since early on but they settle for less...

"In 2014, the DoJ asked Citigroup (C.N) to pay $12 billion to resolve an investigation into the sale of shoddy mortgage-backed securities, sources said. The fine eventually came in at $7 billion."

[ Parent | on HN ]
Re:Deutsche Bank to fight $14B demand from U.S. authorities by bogomipz on Friday September 16, 2016 @06:06PM (#12517708)
Goldman Sachs was also fined for the same, they negotiated it down to 5 billion. So it's not related to recent events with Apple.

http://www.nytimes.com/2016/01/15/business/dealbook/goldman-...

[ Parent | on HN ]