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John Cryan, Deutsche Bank’s CEO Wednesday dismissed claims that the state is planning to offer up public money to save the embattled bank. But Die Zeit said officials are working on contingency rescue plans.
“They are preparing for an eventuality that would shake the country and that only a few weeks ago was seen as completely unthinkable,” said the paper.
In the worst-case scenario, the German government could take a direct stake in Deutsche Bank of 25 percent, according to the report.
Earlier this week, the bank’s share price reached its lowest level since the mid-1980s.
Die Zeit paper (in German)