Fitschen Says Steinbrueck’s Bank Split Plan Would Reduce Lending

Deutsche Bank AG co-Chief Executive Officer Juergen Fitschen said German Social Democrat chancellor candidate Peer Steinbrueck’s plan to split the firm’s securities unit from its consumer bank would cut funding for companies.

“If this system is implemented, Mr. Steinbrueck, the one part will require so much more capital that it won’t be able to deliver,” Fitschen said today at a conference with Steinbrueck in Berlin. “Not just the conditions, but liquidity for mid-sized companies, which also rely on it, would be limited.”