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Saturday, 10/08/2016 3:45:30 PM

Saturday, October 08, 2016 3:45:30 PM

Post# of 14330

German Finance Minister Wolfgang Schaeuble said on Saturday that there has been too much talk about the fortunes of Deutsche Bank.... after the US government said it would levy a $14 billion dollar fine on the bank.

The penalty, lodged against Germany's largest lender by the U.S. Justice Department to settle charges it missold mortgage-backed securities, has raised questions about the bank's health.

Deutsche Bank has been struggling to overhaul its business model that is built around trading activities that have become much less lucrative under new regulation enacted since the 2008-2009 financial crisis.

Schaeuble has refused to comment on Deutsche Bank but other European officials attending meetings of the International Monetary Fund and World Bank in Washington this week have said the bank is solvent, while acknowledging broader problems in Europe's banking sector.



http://www.reuters.com/article/us-imf-g20-schaeuble-idUSKCN1280U9

https://www.sibanyegold.co.za/investors/events/presentations/2016/send/37-2016/397-superior-value-creation-denver-gold-forum-2016

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