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Reaction: Europe, US stocks decline; Deutsche Bank tells CNBC won't pay $14B

Our live blog tracked European and U.S. stocks as Deutsche Bank shares plunged after the U.S. Department of Justice asked the lender to pay $14 billion.

Deutsche Bank Communications Director Jorg Eigendorf told CNBC the lender was "very confident" of negotiating the settlement down "significantly."

Here's how the day unfolded.

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