GETTY Deutsche Bank is engaged in an ongoing dispute with the US Justice Department

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The bank is engaged in an ongoing dispute with the US Justice Department which is likely to not just result in a huge fine but in the banking giant sacrificing its American business. An insider told German media: "Before an agreement about the amount of the penalty can be made with the Americans, the bank has to sort out one or two other things" - not least its international business model.



The banking source added: "Changes in the business model on the one hand and a fine on the other hand are often the condition for a settlement with the US government."





GETTY Deutsche is facing a £11.4billion fine over its American mortgage-backed securities business

Changes in the business model on the one hand and a fine on the other hand are often the condition for a settlement with the US government Deutsche Bank source

It is widely understood the bank will be forced to give up part of its American investment banking, with further job cuts soon to be announced. It is still unclear when the bank will come to an agreement with US authorities.



John Cryan, the bank's CEO, is currently negotiating with the US Department of Justice on a fine for dodgy real estate transactions in the years leading up to the 2008 financial crisis.



Deutsche is facing a £11.4billion fine over its American mortgage-backed securities business which allegedly led to the US housing crisis in 2008 but it is now understood the bank is negotiating a lower sum.

GETTY Financial analysts said the revelation could prove to be the final nail in the coffin for the bank