Deutsche Bank turns higher after DOJ comments

• Banks could have and can still spare themselves a lot of pain by cooperating early and often, says Bill Baer, the DOJ's number three man.
• Baer is speaking about the crisis-era mortgage settlements, some of which ran into the tens of billions of dollars. Banks like Deutsche Bank (NYSE:DB) and RBS have yet to settle, and his message to the lenders seems to be: Submit quickly, and we'll throttle back the fines a bit.
• Deutsche of late has come under extreme pressure, in part, thanks to rumors the DOJ is seeking $14B to settle. Down another 3% earlier this morning, the stock has turned marginally higher.