Deutsche Bank criticized by German regulator for financial reporting error

Key Points

Deutsche Bank incorrectly disclosed deferred tax assets in its 2019 financial statement, German regulator BaFin said Tuesday.
2.076 billion euros ($2.26 billion) worth of deferred tax assets had not been disclosed separately in the notes for Deutsche Bank’s U.S. business, BaFin said.
Deutsche Bank says the financial statement is still compliant with international reporting standards.

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