Germany denies preparing Deutsche Bank rescue plan



The German government denied it was working on a rescue of Deutsche Bank (DBKGn.DE) as Germany's biggest lender boosted its balance sheet by selling its British insurance business on Wednesday.
Deutsche is facing a $14 billion fine from the U.S. Department of Justice and concerns over its funding pushed its shares to a record low on Tuesday and heightened concerns about the health of the financial sector in Europe's largest economy.
The finance ministry dismissed a newspaper report that a rescue plan was being prepared in case Deutsche was unable to raise capital to pay for costly... read more

 
28 September 2016 in Business, Views: 48
Source: Reuters
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