Deutsche Bank AG shares jump on settlement report

Deutsche Bank AG jumped the most in almost six months after a media report that the lender is nearing a $5.4bn (€4.81bn) settlement with the US Department of Justice (DOJ), less than half the amount initially requested.

Deutsche Bank AG shares jump on settlement report
Sat, 01 Oct, 2016 - 01:00
William Canny and Donal Griffin

The shares closed at €11.57, up 6.4%, the biggest gain since April. Agence France-Presse reported that the lender is nearing a settlement with the DOJ in a probe tied to residential mortgage-backed securities, citing an unidentified person familiar.

Spokesmen for the Frankfurt-based lender and the DOJ declined to comment when contacted by Bloomberg News.

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CourtsBusinessFinanceEconomydeutsche BankSharesPlace: FrankfurtPlace: USPerson: Jerome LegrasPerson: John CryanPerson: CryanPerson: Stuart GrahamPerson: Jernej OmahenPerson: GrahamOrganisation: Deutsche Bank AGOrganisation: US Department of JusticeOrganisation: DoJOrganisation: Agence France-PresseOrganisation: Bloomberg NewsOrganisation: Deutsche BankOrganisation: Axiom Alternative InvestmentsOrganisation: JPMorgan Chase & CoOrganisation: Autonomous Research LLPOrganisation: Goldman Sachs GroupOrganisation: European Central BankOrganisation: DeutscheOrganisation: ECB
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