Deutsche Bank shares fall sharply after report

Image
AP Frankfurt
Last Updated : Sep 26 2016 | 5:42 PM IST
Shares in Deutsche Bank are sharply lower after a report that the German government won't intervene with US officials who are pressing the bank to pay USD 14 billion to settle an investigation into its sales of mortgage-backed securities.
The bank's shares traded down 5.8 per cent at 10.74 euros today after the Friday report from Focus magazine. Focus also said the government had made it clear the bank would not receive any state bailout.
Deutsche Bank said it hasn't asked for help with the U.S. and isn't seeking a bailout. The bank said in a statement "the question is not on our agenda," adding that "Deutsche Bank is determined to meet its challenges on its own."
The bank has said it expects to pay less than USD 14 billion after negotiations.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 26 2016 | 5:42 PM IST

Next Story