Deutsche Bank executives heading to U.S. in coming days: FAZ

Sat Oct 1, 2016 3:52pm EDT
 
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FRANKFURT (Reuters) - Deutsche Bank DBKGn.DE executives are heading to the United States in the coming days to negotiate a settlement over a fine of up to $14 billion for misselling mortgage-backed securities, the Frankfurter Allegemeine Zeitung reported.

The potential fine, announced two weeks ago, has sent shares in Germany's biggest lender into freefall. On Friday, the stock partially recovered after a media report that the two sides were close to a settlement of $5.4 billion.

The FAZ did not cite any sources for its report.

Deutsche Bank did not immediately respond to a request for comment on Chief Executive John Cryan's travel plans.

(Reporting by Georgina Prodhan; editing by David Clarke)

 
Workers sweep leaves outside Deutsche Bank offices in London, Britain December 5, 2013. REUTERS/Luke MacGregor/File Photo