Deutsche Bank is not at risk of a takeover, its chief executive told a German weekly paper after its shares fell to a record low on Friday in the wake of a two-day raid related to money laundering allegations.
FRANKFURT (Reuters) — Deutsche Bank ( DBKGn. DE) is not at risk of a takeover, its chief executive told a German weekly paper after its shares fell to a record low on Friday in the wake of a two-day raid related to money laundering allegations.
Speculation about a possible merger has continued despite the bank’s dismissal in September of reports that it could consider tie-ups with Switzerland’s UBS ( UBSG. S) or German peer Commerzbank ( CBKG. DE).
“I don’t have any indication of that,” Christian Sewing told Bild am Sonntag.
