By Tim Wallace6:31PM GMT 09 Feb 2016
The Telegraph
Deutsche Bank's shares fell again, pushing the lender's boss and even the German finance minister to step in to reassure investors that the bank is still stable
John Cryan, the chief executive of Deutsche Bank, has come out publicly to claim the bank is “rock solid” following a dramatic drop in the troubled German giant’s share price.
The British banker, who only joined Deutsche seven months ago, maintained that there was no reason to panic and called on his staff to spread that message to clients.
“You can tell them that Deutsche Bank remains absolutely rock-solid, given our strong capital and risk position,” he said in a letter to employees.
His plea was followed by Germany’s finance minister Wolfgang Schaeuble who took the unsual step of also trying to reassure investors in the lender. “I have no concerns about Deutsche Bank,” he said.
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