Deutsche Bank informs clients some Russian shares are missing, Reuters says

Deutsche Bank has told investors that it can no longer guarantee complete access to Russian stocks that belong to them, Reuters’ Sinead Cruise and Carolina Mandl report. The German lender said in a note dated June 9 that it had found a shortfall in the shares that back the depositary receipts the company had issued prior to Russia’s invasion of Ukraine, the authors say, noting the the shares have been held in Russia by a separate depositary bank.