HALISTER: German Govt Working on Deutsche Bank Contingency Plan: Die Zeit

German Govt Working on Deutsche Bank Contingency Plan: Die Zeit

(Bloomberg) -- Possible scenarios apply in case Deutsche Bank AG needed capital injection to cover litigation costs and include the option of German government taking a stake, Die Zeit weekly reports without saying how it got the information.
  • Contingency plan envisages possible sales of Deutsche Bank units, with the option of state guarantees to back the transactions if needed: Die Zeit
  • Scenario of govt taking 25% stake would apply only in extreme emergency: Die Zeit
  • All options are contingency planning and German govt hopes Deutsche Bank won’t need any state aid: Die Zeit
  • NOTE: Merkel’s spokesman said Monday that German govt sees “no grounds” for speculation over state aid to Deutsche Bank
Alert: HALISTER
Source: BFW (Bloomberg First Word)

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