Merkel declines comment on US penalty for Deutsche Bank

The German finance ministry said earlier on Friday that the government expected a ‘fair result’ from the negotiations

Gulf News

Berlin: German Chancellor Angela Merkel declined to comment on Friday on the decision by the US.

Department of Justice to demand $14 billion (Dh51.4 billion) from Deutsche Bank to settle claims the lender mis-sold mortgage-backed securities.

“I think it’s wise not to comment on this news from my side,” Merkel said when asked by a Reuters correspondent what she thought of the penalty and whether Berlin might be willing to support Deutsche Bank.

The German finance ministry said earlier on Friday that the government expected a “fair result” from the negotiations but that the talks were a matter for the bank and the American authorities.

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