The Presidential Daily Brief

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    Deutsche Bank Asked to Pay $14 Billion in US Probe

    They’re taking a dive. Stock in Germany’s largest bank fell at least 7 percent Friday morning after the U.S. Justice Department said it must pay $14 billion, much more than expected, over its mortgage-selling practices. The bank has been reassuring investors that they likely won’t have to pay the full sum — negotiations are still in preliminary stages — and Deutsche Bank lawyers anticipate that as little as $2 billion could cover it. Meanwhile, government sources say they’re hoping to have a deal by Election Day.

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