Deutsche Bank Forfeits 221 Million Euros From Monte Paschi Deal

williams11-150x150Business Week
Mark Williams, School of Management

Deutsche Bank AG (DBK) is forfeiting 221 million euros ($302 million) to end a derivative contract with Banca Monte dei Paschi di Siena SpA as regulators in Germany and Italy probe the transaction…

Expert quote:

“It’s highly unusual after a transaction that there would be a discount. This money is going back to Italian taxpayers and the bank has a duty to shareholders to explain why they are paying for it.”

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