German blue chips will help Deutsche money for settlements with the US
Top managers of leading German companies willing to help the capital's largest credit institution of the country Deutsche Bank (DE: DBKGn), which the US threatened a huge fine for violations in trading mortgage bonds.
Newspaper Handelsblatt reported on Thursday, citing an unnamed source that the company whose securities are included in the German share index DAX, discussed the bank's problems and expressed their willingness to buy its shares in exchange for financing in the form of billions of euros, which, however, will not run into the double digits .
US Justice Department requires Deutsche up to $ 14 billion, although its shares rose earlier in the week on unconfirmed speculation in the media that the penalty may be reduced to $ 5.4 billion.
"Support Deutsche Bank market methods anyway better than any use of public funds"- newspaper quoted a source knowledgeable about the negotiations.
The German government last week denied reports that it was developing a rescue plan Deutsche Bank.
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