Quick settlement of Deutsche Bank with the US wants the German government
Germany wants to see a quick compromise between Deutsche Bank and the US government regarding the penalty for selling securitized mortgages in a misleading way that the bank be able to focus on reforming its business model, says a report by Bloomberg cited officials Angela Merkel's government.
The largest German bank should promote measures such as job cuts, a quick turn to online banking (online banking) and closing branches, as part of a strategy that will enable German banks to withstand the regulatory changes and low interest rates, official said. The settlement of the case in the US will create the margin to advance this process, said another official.
"After the Deutsche Bank will reconcile with the Americans, we can again concentrate on the themes," said Michael Fuchs, deputy parliamentary group of the Christian Democratic Union (CDU) Merkel. The adjustment is in progress and "the bank's management needs time" to correct the mistakes "10 years and longer," he added.
Germany wants to see a quick compromise between Deutsche Bank and the US government regarding the penalty for selling securitized mortgages in a misleading way that the bank be able to focus on reforming its business model, says a report by Bloomberg cited officials Angela Merkel's government.
The largest German bank should promote measures such as job cuts, a quick turn to online banking (online banking) and closing branches, as part of a strategy that will enable German banks to withstand the regulatory changes and low interest rates, official said. The settlement of the case in the US will create the margin to advance this process, said another official.
"After the Deutsche Bank will reconcile with the Americans, we can again concentrate on the themes," said Michael Fuchs, deputy parliamentary group of the Christian Democratic Union (CDU) Merkel. The adjustment is in progress and "the bank's management needs time" to correct the mistakes "10 years and longer," he added.
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