Tags: EU | Deutsche Bank

Deutsche Bank Rally Eases as Investors Await Fine Amount

Tuesday, 04 October 2016 08:21 AM EDT

FRANKFURT, Germany (AP) — A rally in Deutsche Bank shares has lost some steam as investors face continued uncertainty about how big a U.S. penalty the bank will receive.

Deutsche Bank shares were only 0.3 percent higher in early afternoon trading in Europe on Tuesday. Earlier, they had risen more than 3 percent as trading in Germany resumed after a holiday Monday.

Shares in Germany's biggest bank have been under pressure since it revealed the U.S. Justice Department had proposed at $14 billion payment to settle an investigation into the bank's dealings in bonds backed by shaky mortgages. Deutsche Bank shares rallied off record lows Friday on a news report that a lower fine was in the offing.

Low profits have also weighed on the stock, which is off 48 percent this year.

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Europe
A rally in Deutsche Bank shares has lost some steam as investors face continued uncertainty about how big a U.S. penalty the bank will receive.Deutsche Bank shares were only 0.3 percent higher in early afternoon trading in Europe on Tuesday. Earlier, they had risen more...
EU,Deutsche Bank
132
2016-21-04
Tuesday, 04 October 2016 08:21 AM
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