Deutsche Bank’s Achleitner Says No to European Merger

[kreslik.news]

According to sources cited in a Reuters report, Deutsche Bank chairman Paul Achleitner has ruled out a European merger or state bailout after the lender’s mortgage settlement with the US Department of Justice.

Germany’s biggest bank recently announced a$7.2 billion settlement with the US Department of Justice over its sale and pooling of mortgage securities in the lead-up to the 2008 financial crisis.

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After being questioned as to why Deutsche does not merge with Italy’s UniCredit or another lender, Achleitner said: “The management board ... (read more)