Deutsche Bank AG’s [s:db] market capitalization on Friday shrank by roughly €1.2 billion ($1.34 billion) as its Frankfurt-listed shares slid by the most in three months. Shares tumbled 8% after the U.S. Justice Department asked Germany’s biggest lender to pay $14 billion to settle civil claims related to mortgage-backed securities. That amount is close to Deutsche Bank’s market cap as of Friday. “Deutsche Bank has no intent to settle these potential civil claims anywhere near the number cited. The negotiations are only just beginning,” the company said in a late Thursday statement. Other European bank shares were hit, sending the Stoxx Europe 600 Bank Index (TICKER:XX:FX7) down 2%.
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