IMF chief Christine Lagarde gave Deutsche Bank some tough advice on Thursday, saying Germany’s biggest lender needed to reform its business model and rapidly reach a deal with US regulators over a potentially huge fine.
A senior European official tried to shore up confidence in the continent’s banking system, saying it was working well overall, while sources said Germany’s financial watchdog had found no evidence so far that Deutsche violated money laundering rules in Russia, possibly relieving one of its many headaches.
Meanwhile, the chief executives of several German blue-chip companies have discussed Deutsche’s problems and are ready to offer a capital …read more
Source: Cyprus Mail
