You are here

Deutsche Bank is strong, has no need for state aid or merger, chairman says

Section: Daily Dispatches

From Reuters
Sunday, December 30, 2018

FRANKFURT, Germany -- Deutsche Bank is strong and its turnaround strategy is bearing fruit, Chairman Paul Achleitner said, ruling out the need for state aid and playing down speculation that the lossmaking German bank should merge.

In an interview with the Frankfurter Allgemeine Sonntagszeitung, Achleitner added that he would not step down after a tough year in which Deutsche replaced its chief executive, was targeted in money laundering probes, and saw its share price halve.

"Let's look at the facts: Deutsche Bank has a very strong capital basis compared to its competitors," he told the Sunday paper, adding that new CEO Christian Sewing was getting costs under control. ...

... For the remainder of the report:

https://www.reuters.com/article/us-deutsche-bank-chairman/deutsche-bank-...



ADVERTISEMENT

Storage and Withdrawal of Gold with Bullion Star in Singapore

Bullion Star is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore.

Bullion Star's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in Bullion Star's bullion vault, which is integrated with Bullion Star's shop and showroom, making it a convenient one-stop shop for precious metals in Singapore.

Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault Storage® online around the clock. Storage rates are competitive.

For more information, please visit Bullion Star here:

https://www.bullionstar.com/



Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16