Daily Management Review

German Economy Supplies ‘International Financial Services’ By ‘Stable Banks’


03/13/2017


The ministry of finance in Germany makes its reaction public in regards to Deutsche Bank’s decisions.



The Finance Minister of Germany said that the government has been happy to side with its banks’ efforts of increasing capital. However, there was no specific comments on Deutsche Bank’s plan of raising “8 billion euros”. In the words of the spokesperson of Finance Ministry, Juerg Weissgerber:
“As you know, we generally do not comment on business decision of individual banks”.
“But we generally welcome it when banks strengthen their capital base. This is in the interest of the German economy to be able to be supplied with international financial services through stable banks”.
 
Following the announcement of Deutsche Bank’s C.E.O, John Cryan, of “fourth capital increase since 2010”, the bank’s shares fell by over six percent, while Cryan sees the same as “a last resort”.
 
 
 
References:
http://www.reuters.com







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