Deutsche Bank is well-positioned to weather a recession without state help, Chairman Paul Achleitner said in an interview with Frankfurter Allgemeine Sonntagszeitung.
With a “very strong” capital base and “record” liquidity levels, “we are very well prepared, if something external happens,” Achleitner told the weekly. CEO Christian Sewing has the team and the personality to lead Germany’s largest lender into a “new growth phase.”
Bllomberg News reports that Deutsche Bank is closing out a rough 2018, with the stock declining 56%. Amid a sputtering turnaround, the dramatic images of police officers descending on the company’s Frankfurt headquarters last month in a money-laundering probe was just the latest dark cloud.
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