There is “no margin loan,” Sewing said in a video conference with Bloomberg on Tuesday. In this context, he praised Deutsche Bank’s risk management and “functioning governance”.
Wirecard recently had to admit that there was a high probability that there would be no balances of 1.9 billion euros in the balance sheets. The auditors refused to confirm Wirecard AG’s 2019 certificate, shortly afterwards the company had to file for bankruptcy.
When asked whether Deutsche Bank might be interested in parts of Wirecard, Sewing said it was too early to give a judgment. Deutsche Bank itself is a key player in the area of payment and transaction banking services. Look at possible purchase opportunities in the areas of “Payments and Tech”, but these should add value for the bank and be better than what the bank itself has.
DJG / uxd / cbr
FRANKFURT (Dow Jones)
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Image sources: Wirecard, Slava2009 / Shutterstock.com
