German lender says it has no intention of paying $14bn to the Department of Justice for mis-selling mortgage-backed securities before the 2008 crisis * Mark Carney has been quizzed by Coventry children * Carnage Carney on Brexit, Scotland... * ...and pets & pizza * Latest: US inflation picks up * Introduction: Deutsche Bank asked to pay $14bn * Bank shares are falling across Europe 3.46pm BST AND FINALLY.... THERE’S NO LET- UP ON THE ANXIETY IN THE BANKING SECTOR THIS AFTERNOON. DEUTSCHE BANK shares are hitting new lows, down almost 9% in late trading, in its worst day since Britain voted to leave the EU. “The decline in DB shares was the biggest since the day after the Brexit vote. The fine would be to settle an investigation into the mis-selling of US mortgage backed securities. The $14bn would be about 80% of Deutsche Bank’s market cap and may dissuade employees from following CEO John Cryan’s recent advice to “be more daring.” Deutsche Bank -8.8% Credit Suisse -5.2% RBS -4.5% UBS -2.9% Barclays -2.8% Latest update: https://t.co/rWZTgW9Urq pic.twitter.com/qybyq9uMT8 3.42pm BST GREXIT IS NO MORE!! Wall Street firm Citi has told clients today that it no longer thinks Greece will leave the eurozone in the next three years. Despite the latest tensions between Athens and its creditors, they reckon its bailout programme will remain intact. GREXIT NO MORE. Citi no longer thinks Greece will exit the eurozone, after years of predicting it will happen. pic.twitter.com/ZHS5Wlpa1C @RobinWigg uh oh Continue reading...
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