October 1, 2016 / 7:55 PM / in 10 months

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

1 Min Read

The Deutsche Bank headquarters are seen in Frankfurt, Germany October 28, 2015.Kai Pfaffenbach/File Photo

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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below