Results: Deutsche Pony

results: Still, those results will be dominated by one major question – the financial health or otherwise of the bank – following the US Justice Department request that Deutsche pony up $14bn to settle all the beastly things it did with mortgage-backed securities, according to The Guardian. That demand caused quite a lot of gasping in Frankfurt, meaning boss John Cryan has been attempting to calm investors' nerves with claims he expects to settle on a smaller figure. The German group was revealed as a lead financial adviser on British American Tobacco planned $47bn takeover of Reynolds American last week – its biggest deal of the year and a useful smokescreen just before the bank results statement on Thursday. All of which might depend on Deutsche ability to charm Americans, which brings us to a second worry. Did the US banks take advantage of their German rival woes and poach all its business Or might Deutsche have also benefited from an industry-wide stimulant that has resulted in a general high By Thursday we should know. The US makes up around 25% of Deutsche revenues, according to Macquarie, and last week Wall Street banks announced results that were surprisingly good across the board. (news.financializer.com). As reported in the news.