Deutsche Bank defended by German firms

Monday, 03 October 2016 - 7:51


Leading German firms have rushed to defend Deutsche Bank amid concerns over the troubled lender's financial health.

Deutsche Bank is facing a 14 billion dollar fine in the US for mis-selling mortgage-backed bonds before the financial crisis of 2008.

Its shares fell sharply last week on fears the fine could cripple the bank, at one point dropping to their lowest level in 30 years.