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Merkel Rules out Assistance for Deutsche Bank, Focus Reports

  • Chancellor also won’t step into U.S. legal issue, Focus Says
  • Spokespeople for German bank, government decline to comment
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Making the Case for a German Bailout of Deutsche Bank

Chancellor Angela Merkel has ruled out any state assistance for Deutsche Bank AG in the year heading into the national election in September 2017, Focus magazine reported, citing unidentified government officials.

The German leader also declined to step into the Frankfurt-based bank’s legal imbroglio with the U.S. Justice Department, which may seek as much as $14 billion in sanctions against Deutsche Bank’s mortgage-backed securities business, the magazine said. A German government spokesman declined to comment on the report Saturday. A Deutsche Bank spokeswoman also wouldn’t comment.