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Deutsche execs to head to US - reports

Top Deutsche Bank executives are reportedly going to travel to the US to negotiate a deal over the misselling of securities.

Deutsche Bank
Deutsche Bank Source: Getty

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Source: AAP


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Deutsche Bank executives are heading to the United States in the coming days to negotiate a settlement over a fine of up to $US14 billion ($A18 billion) for misselling mortgage-backed securities, the Frankfurter Allegemeine Zeitung reports.

The potential fine, announced two weeks ago, has sent shares in Germany's biggest lender into freefall.

On Friday, the stock partially recovered after a media report that the two sides were close to a settlement of $US5.4 billion.

The FAZ did not cite any sources for its report.

Deutsche Bank did not immediately respond to a request for comment on chief executive John Cryan's travel plans.


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