European shares end at six-week lows as Deutsche Bank slumps

viernes 16 de septiembre de 2016 13:08 GYT

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets)

* STOXX Europe 600 index down 0.7 pct

* Suffers biggest weekly decline in three months

* Deutsche Bank leads banks lower after U.S. demand for $14 bln

* Orange rises on reports of merger talks resumption

By Danilo Masoni and Atul Prakash

MILAN/LONDON, Sept 16 (Reuters) - European shares ended at six-week lows on Friday, with Deutsche Bank dragging banking stocks lower after it said that the U.S. government is demanding billions of dollars to settle a mortgages case.

Shares in Deutsche Bank fell 8.5 percent as news that the U.S. Department of Justice had asked for $14 billion to settle an investigation into sales of mortgage-backed securities raised worries of a possible capital hike.

The claim far outstrips the bank's and investors' expectations. It is not yet clear what the final payment will be, but if it were as high as $14 billion, it would severely strain the German lender's fragile finances.   Continuación...