Feb
08
Deutsche Bank Says It Has the Cash for Riskiest Debt Payouts
By-
Shares slide on doubts about bank’s ability to make payments
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Lender is due to pay about 350 million euros in April
Deutsche Bank AG became the largest lender in at least four years to feel compelled to reassure investors and employees that it has enough cash to pay its debts.
Germany’s biggest bank said in a statement Monday that it has more-than-sufficient means to pay coupons on its riskiest debt both this year and in 2017. Deutsche Bank also published a note to employees from Chief Financial Officer Marcus Schenck that said the firm’s “capital and risk position remains strong.”…
Deutsche Bank Says It Has the Cash for Riskiest Debt Payouts
