# Professor Roy Smith comments on Deutsche Bank's $14 Billion fine by the Department of Justice

Faculty News

— September 16, 2016

![Financial Times logo](/sites/default/files/styles/246w/public/assets/images/uat_025699.jpg?itok=5SpaxEbn)

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Excerpt from the [Financial Times](https://www.ft.com/content/28534ee2-7b95-11e6-ae24-f193b105145e) -- "[Roy Smith](http://www.stern.nyu.edu/faculty/bio/roy-smith), a former president of Goldman Sachs International and now a professor at NYU Stern School of Business, said: 'It is never a good idea to say that [you won’t pay] when you are dealing with the Justice Department.'"

[Read more](https://www.ft.com/content/28534ee2-7b95-11e6-ae24-f193b105145e)