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







Science & Technology

Dream Of Immortality Can Be Realised By 2045

Predicting A Patient’s Death Might Be Possible With Google’s Machine Learning Tool

Are online DNA databases dangerous?

Uber will identify drunk passengers

Experts found how automation will change markets

World's First Dedicated XR Platform Launched By Qualcomm

Hamburg becomes the first German city to ban old diesels

Hundreds Of Thousands Of Routers Have Been Hacked By Russians, Warns The FBI

Chinese Study Claims Heart Diseases Can Be Reduced By Having An Egg A Day

Asteroid mining: Reality or fiction?

World Politics

World & Politics

EU Reform Plans Disclosed By Merkel And Macron

USA launches the third round of the trade war with China

Italy says No to refugees

German experts: There’s no end to wars

G7 Picture Reveals Tensions Between U.S. And Its Close Allies

Pope Addresses The Oil & Gas Giants To ‘Respect’ COP21 Deal

G7 Does Not Welcome Russia: German Official

Trump-Kim Jong Un Meeting To Take Place, Confirms US President