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Report: Deutsche Bank eyes settling US RMBS case at up to $5B by October-end

Deutsche BankAG is looking to pay between $4 billion and $5 billion to U.S.authorities by the end of October to resolve litigation over allegations thatit missold RMBS, Reuters reported Oct. 4, citing German markets newsletter Platow Brief.

The lender was recently reported to be nearing a settlement with theU.S Department of Justice, which sought $14 billion from the bank. The DOJ wants to reach settlements inongoing mortgage-securities misselling cases with Deutsche Bank, and beforethe U.S. presidential election in November.

Deutsche Bank is also considering waiving bonuses andraising new capital, the German newsletter reportedly said, without citingsources.