Deutsche Bank Announces $5 Billion Debt Buyback In Bid To Reassure Investors

Deutsche Bank announced Friday it would buy back more than $5 billion in outstanding debt. The news comes at the tail end of a week that saw Deutsche Bank's shares battered by investors concerned over the German lender's ability to meet its bond payments and legal costs. 

“The bank’s strong liquidity position allows it to repurchase these securities without any corresponding change to its 2016 funding plan,” the bank said in a statement.