(Bloomberg) -- Deutsche Bank AG is forfeiting 221 million euros ($302 million) to end a derivative contract with Banca Monte dei Paschi di Siena SpA as regulators in Germany and Italy probe the transaction.

The German bank, which was poised to earn 746 million euros, will instead receive 525 million euros from Monte Paschi to terminate the contract 17 years early, the Siena, Italy- lender bank said in a statement yesterday.

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