Shares of Deutsche Bank seesawed in the European session on Tuesday, with bosses at the embattled lender still yet to reach a settlement with the U.S. Department of Justice.
Speculation was rife over the weekend that the bank was aiming to lower the $14 billion penalty which relates to a number of investigations related to mortgage securities. Shares of the firm rallied on Friday afternoon on rumors of a deal.
Following a national holiday on Monday, shares rose higher at the open on the German DAX but soon pared gains. By the close of European markets, they had risen to clock gains of nearly 1.5 percent.
"With no updates so far on the case, expect the stock to remain on a roller coaster," FXTM Chief Market Strategist Hussein Sayed said in a note on Tuesday morning.