Deutsche Bank’s Buybacks at Risk on ECB Scrutiny, Citi Says
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Deutsche Bank AG may not be able to pursue share buybacks for now if an ongoing audit by its top regulator results in deeper capital cuts, according to Citigroup analysts.
The German lender stopped short of announcing a buyback last week when it reported fourth-quarter results, citing the review as the main reason. While Chief Executive Officer Christian Sewing said he was optimistic about buybacks as early as this year, analysts at Citi including Andrew Coombs are skeptical.