Shares of Deutsche Bank jumped 15 percent Friday in New York after AFP, citing a source, reported that the bank may be near a $5.4 billion settlement with the U.S. Department of Justice. CNBC has not independently confirmed the report, but if accurate, that settlement would be well below the reported $14 billion opening bid by the DOJ in its talks with Deutsche.
Deutsche Bank is not publicly commenting on the supposed $5.4-billion figure. The DOJ did not reply to a CNBC request for comment. The German Finance Ministry declined to comment on media reports of a settlement.
Although there are reasons to be skeptical about the number stated in the report, Deutsche Bank shares were near session highs in afternoon trade.
With gains of more than 15 percent, Deutsche Bank shares were tracking for their best day since 2011 and on pace for weekly gains of more than 3 percent.