Erdogan Adviser Says Turkey Should Consider Buying Deutsche Bank
- Plan would turn Germany’s largest lender into ‘Turkish Bank’
- Wealth fund or state bank conglomerate could buy, Bulut says
Spence: Deutsche Bank May Test German Bailout Stance
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Deutsche Bank AG’s crashing share price is prompting takeover speculation from unexpected places.
Yigit Bulut, a chief adviser to Turkish President Recep Tayyip Erdogan, said the country must consider using a new wealth fund or a group of state-owned banks to buy the Frankfurt-based company. Bulut made the proposal on Tuesday via his Twitter account, saying Germany’s largest lender should be made into a Turkish bank.