September 27, 2016 – German Chancellor Angela Merkel expressed hope today that problems at Deutsche Bank could be solved after the lender made clear it needed no state aid with a US$14 billion U.S. demand to settle claims it missold mortgage-backed securities.
Asked during a news conference if Berlin was concerned about Deutsche Bank and was considering assistance for the lender, Merkel said: “I only want to say that Deutsche Bank is a part of the German banking and financial sector. And of course we hope that all companies, also if they face temporary problems, can develop in the right direction.”
“I don’t want to comment beyond that,” she added.
Deutsche Bank said yesterday it had no need for German government help