(Adds DoJ declining to comment, Frankfurt shares)
Sept 30 Deutsche Bank AG is nearing
an agreement with U.S. officials to pay $5.4 billion to settle
charges related to its sale of toxic mortgage bonds before the
financial crisis, French news agency AFP reported on Friday,
Germany's largest lender said about two weeks ago it would
fight a $14 billion demand from the U.S. Department of Justice
to settle claims it missold the securities.
An agreement could be announced in the next couple of days,
a person familiar with the matter told AFP.
The final amount of the settlement could be slightly
different, the source said. (yhoo.it/2dfHX74)
Deutsche Bank and DoJ officials declined to comment.
The bank's U.S.-listed shares were up 13.4 percent at
$13.02 in heavy midday trading. The stock rose as much as 15.16
percent, its best intraday percentage gain in nearly five years.
Deutsche Bank's Frankfurt-listed shares closed 6.4 percent
higher at 11.57 euros after the AFP story emerged.
(Reporting by Sruthi Shankar in Bengaluru; Editing by Ted Kerr)