Deutsche Bank wants to agree with the US Department of Justice before the elections03.10.2016

Deutsche Bank (DE: DBKGn) uses all the means on negotiation with the American judicial authorities before the US presidential election in November. The US Justice Department reported that it might require the bank to pay $ 14billion for violations in trading related to mortgage securities.

Due to the likelihood of a fine, the share of the giant Deutsche have fallen to record lows. In order to change the trend to the opposite, the confidence in the largest creditor in Germany has to be restored by an agreement on the reduction of the amount of payment.

The media reported on Friday that Deutsche Bank and the US Department of Justice are close to an agreement to pay $5.4 billion, bringing the bank's shares in Frankfurt rose more than 6%, but the information was not confirmed.

The Wall Street Journal reported on Sunday that the bank's negotiations with the US Department of Justice continues. The publication claims, citing knowledgeable, sources that the details are agreed, but there is no project to harmonize internal supervisors’ sides.

"It is obvious that as soon as the likelihood of such a fine scale ($14 billion) is still valid, the markets are worried," - wrote the chief economist at UniCredit (MI: CRDI), Eric F. Nielsen in Sunday's review.

Moody's Investors Service decided that the good news for bond holders of the Institute will be the penalty in the amount of $ 3.1 billion, while the fine of about $ 5.7 billion will hurt profitability in 2016, though it might only slightly affect the amount of the bank's own capital.

Deutsche is much smaller than its competitors from Wall Street like JPMorgan and Citigroup (NYSE: C).

Meanwhile, the German bank has built an impressive trade relations with all the world's largest financial companies, and the International Monetary Fund said this year that the Deutsche’s problems are a greater potential risk to the financial system than any other international bank.

The head of Deutsche, John Cryan, will arrive in Washington this week for the annual meeting of the IMF. The newspaper Frankfurter Allgemeine Zeitung reported that other top managers of the bank would join him in the negotiations on the agreement with the US authorities.