Deutsche Bank shares fell more than 3% today after its chief executive John Cryan failed to secure a speedy deal with the US Department of Justice at the weekend over the misselling of mortgage-backed securities.
Cryan was attending the International Monetary Fund and World Bank's autumn meetings in Washington, raising hopes that he might personally negotiate down the $14 billion fine the DoJ has demanded.
Deutsche Bank is expected to issue new shares, sell assets, or both, once it knows the scale of the fine, to ensure that its capital ratio remains within regulatory limits.
It is struggling to restore market confidence, which took a blow when the $14 billion figure was leaked but which was already low as investors questioned whether Cryan had a credible plan to revamp the bank.
