depositary

The cases stemmed from the 2015 sale of Philippine depositary receipts, which is a way for companies to raise money from foreign investors.

But events in Russia have forced many investors to write down the value of depositary receipts of Russian companies to zero, given their inability to trade them.

The conversion was carried out without the German bank's "involvement or oversight" and Deutsche was unable to reconcile the company shares with the depositary receipts.

Its shares rose 6% after the bell as the company said the declaration of the depositary unit was ahead of schedule due to the inquiries following the report.

In a Monday regulatory filing describing its U.S.-listed equity investments as of Sept. 30, Berkshire said it owned about 60.1 million of Taiwan Semiconductor's American depositary shares.