FRANKFURT (Reuters) - U.S. investment bank JPMorgan (N:JPM) denied a report on Friday in Germany's WirtschaftsWoche business weekly that it was interested in acquiring a stake in Deutsche Bank (DE:DBKGn).
"We are denying the story, it is not true," a spokesperson for JPMorgan said.
Deutsche Bank pared earlier gains to trade 3.5 percent higher following the JPMorgan denial.