Deutsche Bank criticized by German regulator for financial reporting error

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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