Deutsche Bank AG , Germany’s biggest bank, said it expects a fund started in the first quarter aimed at easing financing for small and mid-sized businesses in the country to make its first payments this year.
When Josef Ackermann called on lenders to help bail out Greece last month, the Deutsche Bank AG chief executive officer had already cut his potential losses from the crisis spreading to Italy and Spain.
Deutsche Bank AG, continental Europe’s biggest bank, rose in Frankfurt trading after a report that the company plans to shrink its balance sheet by as much as 20 percent to comply with stricter standards on leverage.
Deutsche Bank AG was sued for wrongful termination by four traders fired in the bank’s probe into alleged rigging of interbank lending benchmarks such as Euribor, two people familiar with the matter said.
Mary Jo White, President Barack Obama’s choice to run the U.S. Securities and Exchange Commission, told lawmakers that her work for Wall Street firms won’t affect her ability to be a zealous advocate for investors.
German lenders’ claims on the Greek public sector declined 42 percent in the 12 months through February if loans from the federal government’s KfW Group development bank are excluded, according to Bundesbank data.