Thursday, October 6, 2016

Deutsche Bank must convince investors that its business model is viable, says IMF Brazil

WASHINGTON (Reuters) – Deutsche Bank needs to convince investors that its business model is viable, said a senior official of the International Monetary Fund said on Wednesday, amid concerns about the financial soundness of the bank.

“The Deutsche Bank… is among the banks that need to continue to adjust to convince investors that your business model is feasible to the front and has dealt with issues of operational risk arising from litigation,” said Peter Dattels, deputy director in the IMF monetary and capital markets, in a collective interview.

The largest bank in Germany has been engulfed by a crisis of confidence after the Department of Justice of the United States states that he must pay up to 14 billion dollars to resolve charges sales misleading of mortgage-backed securities in the us before the financial crisis.

(Reporting by Lesley Wroughton and David Lawder)

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