Deutsche Bank pays 1.4 bln eur to resolve US FHFA suit

FRANKFURT Fri Dec 20, 2013 8:18am EST

FRANKFURT Dec 20 (Reuters) - Deutsche Bank will pay 1.4 billion euros ($1.91 billion) to resolve a law suit with the U.S. Federal Housing Finance Agency over mortgage-backed securities, Germany's biggest lender said on Friday.

Deutsche Bank said in a statement the payment has already been taken into account in its existing litigation reserves and that no additional reserves will be taken for the settlement.