LONDON/FRANKFURT (Oct 28): Deutsche Bank is among more than 20 bidders in talks to potentially buy a 3.2 billion euro loan portfolio from state-owned rival HSH Nordbank as Germany's biggest lender tries to do deals despite its troubles, sources told Reuters. HSH and Deutsche declined to comment. Four finance industry sources with knowledge of the situation said on Friday Deutsche Bank was looking at the portfolio. "It could be an asset play for Deutsche where they pick up the debt and sell it on subsequently," one of the sources, who declined to be identified, said. Deutsche Bank chief John Cryan pledged to redouble restructuring efforts on Thursday, warning that the bank faces tough times as it finalises talks with US justice authorities over a $14 billion fine, which has rocked confidence in the lender.

Source: The Edge Markets October 28, 2016 15:41 UTC