German bank regulator BaFin has found that Deutsche Bank incorrectly disclosed deferred tax assets in its 2019 consolidated financial statement, it said on Tuesday. The bank did not disclose deferred tax assets of EUR 2.076B for its U.S. business separately in the notes to the financial statement, although it should have because it recorded losses over several years, BaFin said. “With this finding of an error, BaFin has concluded proceedings initiated by the German Financial Reporting Enforcement Panel.”
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