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Monday, 10/10/2016 4:18:58 PM

Monday, October 10, 2016 4:18:58 PM

Post# of 14330

Deutsche Bank shares dropped in early trade on reports that its boss failed to reach a swift deal with the US over lowering a $14bn (£11.3bn) fine.

The lender was the biggest faller on Germany's main stock market before paring back the losses.
Talks between chief executive John Cryan and the US Department of Justice ended without agreement at the weekend, according to reports.

The bank has been under intense pressure over the size of the fine.

Mr Cryan was in the US for the International Monetary Fund and World Bank's autumn meetings.
Some investors had hoped that while he was there, he might negotiate down a settlement for the bank's mis-selling of mortgage-backed securities.


http://www.bbc.com/news/business-37605222
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