Deutsche is proof that bank regulators have just been hoping for the best

Deutsche Bank

Can the crisis be over at Deutsche Bank? The immediate storm will pass if the US Department of Justice has dropped its demand for $14bn (£10.8bn) to cover mis-sold mortgage securities and is instead close to settling for a much lower sum. That outcome will calm market nerves and provide a vindication of sorts for John Cryan, the beleaguered bank’s chief executive, who always insisted that $14bn wouldn’t be the final figure.