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| Deutsche Bank shares fall on deal delay | Deutsche Bank shares fall on deal delay |
| (35 minutes later) | |
| Deutsche Bank shares have dropped on reports that its boss failed to reach a deal with US authorities over lowering a $14bn (£11.3m) fine. | Deutsche Bank shares have dropped on reports that its boss failed to reach a deal with US authorities over lowering a $14bn (£11.3m) fine. |
| The lender was the biggest faller on Germany's main stock market in early trading and is still down nearly 3%. | |
| 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. | The bank has been under intense pressure over the size of the fine. |
| Mr Cryan was attending the International Monetary Fund and World Bank's autumn meetings in Washington, raising hopes he might negotiate down a settlement for the bank's mis-selling of mortgage-backed securities. | Mr Cryan was attending the International Monetary Fund and World Bank's autumn meetings in Washington, raising hopes he might negotiate down a settlement for the bank's mis-selling of mortgage-backed securities. |
| Michael Hewson, chief market analyst at CMC Markets, said: "Deutsche Bank hasn't as yet been able to come to any agreement with the US Justice Department as it looks to overcome the hurdle of the prospect of a rather large fine. | Michael Hewson, chief market analyst at CMC Markets, said: "Deutsche Bank hasn't as yet been able to come to any agreement with the US Justice Department as it looks to overcome the hurdle of the prospect of a rather large fine. |
| "Talks are continuing while the bank looks at potentially spinning off a stake in its asset management division in order to free up some extra capital." | "Talks are continuing while the bank looks at potentially spinning off a stake in its asset management division in order to free up some extra capital." |
| Deutsche Bank's shares touched 33-year lows at the end of September, before recovering slightly in recent days, over fears its finances are not strong enough to handle a large US fine. | Deutsche Bank's shares touched 33-year lows at the end of September, before recovering slightly in recent days, over fears its finances are not strong enough to handle a large US fine. |