German financial watchdog Bafin on Tuesday fined Deutsche Bank 23.05 million euros ($24.3 million) over breaches in the sale of derivatives in Spain and two other failings at its Postbank business.

Deutsche Bank (NYSE:DB) stock jumped 11% in Wednesday morning trading in the U.S. amid optimism that the next German government will implement fiscal reforms allowing more spending on defense and infrastructure.

German financial watchdog Bafin on Tuesday fined Deutsche Bank 23.05 million euros ($24.29 million) over breaches in the sale of derivatives in Spain and other failings at its Postbank business. Deutsche Bank said it had accepted a fine in three regulatory offence proceedings and that it would not affect 2025 financial results.