Even if Deutsche Bank Can Negotiate a Lower Fine, It Still Faces an Uphill Battle

Deutsche Bank vows to negotiate the U.S. Justice Department’s $14 billion fine lower, but even if that happens, there’s still plenty of negativity surrounding the stock, according to one analyst. James Hughes, chief market strategist at GKFX, based in London, said the bank has set aside $6 billion to deal with legal fines – far less than the Justice Department’s fine. He said there’s concern Deutsche Bank doesn’t have enough capital to cover the fine. Shares plunged to a record low on Monday after Germany’s government said it wouldn’t bailout the bank. TheStreet’s Scott Gamm reports from Wall Street.

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