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Report: Deutsche Bank says it will not need bailout for settlement with US DOJ

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Report: Deutsche Bank says it will not need bailout for settlement with US DOJ

Deutsche Bank AG told its employees in a memo that it will not need a government bailout for the $7.2 billion settlement it has reached with the U.S. Department of Justice, Reuters reported Dec. 23, citing "a person familiar with the memo."

Also, the Germany-based bank does not plan to increase its capital to cover the settlement, the publication reported, citing "a person close to Deutsche Bank."