German Finance Minister Wolfgang Schaeuble stated on Saturday that there’s been an excessive amount of discuss the fortunes of Deutsche Bank (DE:DBKGn) following the U.S. government stated it might levy a $14 billion fine around the bank.
The penalty, lodged against Germany’s largest loan provider through the U.S. Justice Department to stay charges it missold mortgage-backed securities, has elevated questions regarding the bank’s health.
Deutsche Bank continues to be battling to overhaul its business design that’s built around buying and selling activities that are presently significantly less lucrative under new regulation enacted because the 2008-2009 economic crisis.
Schaeuble has declined to discuss Deutsche Bank but other European officials attending conferences from the Worldwide Financial Fund and World Bank in Washington now have stated the financial institution is solvent, while acknowledging broader problems in Europe’s banking sector.
“There’s way too much discuss Deutsche Bank,” Schaeuble told reporters.
Also, he stated that global growth wasn’t so bad whatsoever, and noted that calls for more fiscal stimulus by countries didn’t stand in the center of discussions in the conferences now.