Shares in Deutsche Bank AG have plunged after the company said the US Department of Justice is seeking $US14 billion ($A19 billion) to settle civil claims over its handing of residential mortgage-backed securities.
Shares of Germany's biggest bank were down 7.8 per cent at 12.20 euros ($US13.59) in early Frankfurt trading on Friday.
The bank said early on Friday that the Justice Department had proposed a $US14 billion settlement and asked for a counterproposal.
It said it had "no intent to settle these potential civil claims anywhere near the number cited.''
Deutsche Bank is in the middle of a painful transition as it tries to meet tougher regulatory requirements, cut costs and settle multiple legal investigations.
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