September 26, 2016

Merkel Rules out Assistance for Deutsche Bank, Focus Reports

Chancellor Angela Merkel has ruled out any state assistance for Deutsche Bank AG in the year heading into the national election in September 2017, Focus magazine reported, citing unidentified government officials.

The German leader also declined to step into the Frankfurt-based bank’s legal imbroglio with the U.S. Justice Department, which may seek as much as $14 billion in sanctions against Deutsche Bank’s mortgage-backed securities business, the magazine said. Read more.

Bloomberg

Related,
Merkel Rules Out Bailout For Deutsche Bank: Depositor Bail-In Coming Up? - Zero Hedge
Merkel will Deutsche Bank im Streit mit den USA nicht unterst├╝tzen - DWN

Merkel: “Geen staatssteun voor Deutsche Bank” - Market Update
Ooit zo degelijke Deutsche Bank valt van haar voetstuk - Trouw

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