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Deutsche Bank Pressured Because ‘It’s So Small,’ Altman Says

  • Says large U.S. banks facing same fine wouldn’t be big problem
  • German bank’s troubles won’t spread, Evercore chairman says
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Evercore's Altman Doesn’t Expect European Bank Contagion

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Deutsche Bank AG’s troubles are being exacerbated because of its size relative to other global banks such as JPMorgan Chase & Co., which would be able to withstand the threat of large fines more easily, Evercore Partners Inc. Chairman Roger Altman said.

“Keep in mind Deutsche Bank is small,” Altman said Tuesday in an interview with Bloomberg Television. He compared the roughly $18 billion market value of Deutsche Bank to that of JPMorgan, which is over $240 billion. “One of the things going on here is that Deutsche Bank’s under pressure for a number of reasons, but one of which is it’s so small.”