U.S. fine on Deutsche Bank too big, damaging to stability - Dijsselbloem

U.S. fine on Deutsche Bank too big, damaging to stability - Dijsselbloem
 

The fine proposed by the United States for Deutsche Bank is too big and undermines financial stability by pulling out capital from an institution that is trying to recapitalise and restructure, the chairman of euro zone finance ministers said.
Jeroen Dijsselbloem said on Friday that the bank, one of Europe's largest, was not too big to fail, but dismissed any possibility that it would fail noting it had large liquidity buffers and a high solvency ratio.
"The whole concept of too big to fail is wrong, we need to make sure they don't fail. This is about making sure that every bank has... read more

 
7 October 2016 in Business, Views: 46
Source: Reuters
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