Deutsche Bank's woes halt German bond deal

Angela Merkel

Michael Nienaber, Katie Linsell and Tom Beardsworth

German Chancellor Angela Merkel expressed hope yesterday that problems at Deutsche Bank could be solved after the lender made clear it needed no state aid with a $14bn (€12.4bn) demand to settle claims it missold mortgage-backed securities.

Asked during a news conference if Berlin was concerned about Deutsche Bank and was considering assistance, Ms Merkel, inset, said: "I only want to say that Deutsche Bank is a part of the German banking and financial sector.