Deutsche Bank defended by German firms

Deutsche Bank defended by German firms
 

Leading German firms have rushed to defend Deutsche Bank amid concerns over the troubled lender's financial health.
Executives from Siemens, Daimler, Munich Re and BASF told German newspaper Frankfurter Allgemeine Sonntagszeitung they backed the bank.
"We stand with Deutsche Bank," BASF chairman Juergen Hambrecht said.
Deutsche Bank is facing a $14bn ($11bn) fine in the US for mis-selling mortgage-backed bonds before the financial crisis of 2008.
Its shares fell sharply last week on fears the fine could cripple the bank, at one point dropping to their lowest level in 30 years.... read more

 
2 October 2016 in World News, Views: 60
Source: BBC
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