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Deutsche Bank shares on loan at highest in over a year - Markit
October 4, 2016 / 1:32 PM / a year ago

Deutsche Bank shares on loan at highest in over a year - Markit

LONDON (Reuters) - The number of shares in Deutsche Bank (DBKGn.DE) out on loan to hedge funds and others hit a more than one-year high of 5.6 percent on Monday, according to data provider Markit.

A banners of Deutsche Bank is pictured in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, September 30, 2016. REUTERS/Kai Pfaffenbach

The lender’s shares have been under pressure as investors fret about how much money it will have to pay to settle with U.S. authorities over the mis-selling of mortgage-backed securities.

Demand to borrow its shares, to either hedge against or profit from a further fall in the price, jumped to 5.5 last Thursday, before falling back slightly to 5.3 percent on Friday.

Reporting by Maiya Keidan; editing by Simon Jessop

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