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Deutsche Bank reassures staff of strength after US settlement

US$7.2b agreement over toxic sub-prime debt will not affect credit rating or ability to operate in the US, it adds

Published Mon, Dec 26, 2016 · 09:50 PM
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DEUTSCHE Bank AG moved to reassure employees of its financial strength after reaching a US$7.2 billion settlement with US regulators over toxic sub-prime debt, and said it found no evidence the firm had breached sanctions against Russia in a separate probe.

The lender, which saw its stock plunge this year amid legal concerns on multiple fronts, said in a memo to staff on Friday that it doesn't expect the settlement to affect its credit rating or its ability to operate in the US, and it anticipates paying the coupons on all its debt instruments.

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