Fresh fears hit Deutsche Bank share price

Discussion in 'Market News' started by Lily, Oct 3, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Shares slump 3% on NYSE after renewed doubts over Germany’s biggest bank’s ability to pay US penalty

    Uncertainty about the size of a penalty for a decade-old misselling scandal knocked shares in Deutsche Bank lower on Monday amid renewed doubts about the ability of Germany’s biggest bank to withstand the cost of any settlement with the US Department of Justice (DoJ).

    With Germany’s stock market closed for a public holiday, its shares traded lower in New York as a stock research firm warned that Deutsche might want to tap shareholders for more cash in the wake of a fine. The bank’s shares had surged on Friday following reports that the settlement with the DoJ would be $5.4bn (£4.2bn) rather than the $14bn first suggested a fortnight ago.

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