WASHINGTON Oct 5 Deutsche Bank needs to
convince investors that its business model is viable, a senior
International Monetary Fund official said on Wednesday amid
concerns about the bank's financial strength.
"Deutsche Bank ... is among banks that need to continue to
adjust to convince investors that its business model is viable
going forward and has addressed the issues of operational risk
arising from litigation," Peter Dattels, the IMF's monetary and
capital markets deputy director, said at a news conference.
Germany's largest lender has been engulfed by a crisis of
confidence after the U.S. Justice Department said it should pay
up to $14 billion to settle claims that it missold U.S.
mortgage-backed securities before the financial crisis.
(Reporting by Lesley Wroughton and David Lawder; Editing by