Deutsche Bank Will Have Government Backing If Needed, Mack Says

Deutsche Bank AG’s status as Germany’s biggest lender should give investors confidence in its ability to pay interest on debt, said John Mack, the former chief executive officer of Morgan Stanley.

“There’s no question in my mind, it is absolutely good for every penny,” Mack said in an interview Wednesday on Bloomberg Television. “This idea that I heard yesterday, the possibility of not making their interest payments, it’s just absurd. The government will not let that happen.”