JPMorgan denies report of interest in Deutsche Bank

JPMorgan denies report of interest in Deutsche Bank

U.S. investment bank JPMorgan denied a report on Friday in Germany's WirtschaftsWoche business weekly that it was interested in acquiring a stake in Deutsche Bank .

FILE PHOTO: People pass the JP Morgan Chase & Co. Corporate headquarters in the Manhattan borou
FILE PHOTO: People pass the JP Morgan Chase & Co. Corporate headquarters in the Manhattan borough of New York City, May 20, 2015. REUTERS/Mike Segar/File Photo

FRANKFURT: U.S. investment bank JPMorgan denied a report on Friday in Germany's WirtschaftsWoche business weekly that it was interested in acquiring a stake in Deutsche Bank .

"We are denying the story, it is not true," a spokesperson for JPMorgan said.

Deutsche Bank pared earlier gains to trade 3.5 percent higher following the JPMorgan denial.

(Reporting by Hans Seidenstuecker; Writing by Douglas Busvine; Editing by Tom Sims)

Source: Reuters

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