Deutsche not interested

Deutsche Bank AG Chief Executive Officer Josef Ackermann said he’s not interested in buying Lehman Brothers Holdings Inc.

“We aren’t interested in parts or all of Lehman,” Ackermann said at a banking conference in Frankfurt today. He is confident “a solution” would be found for the New York-based bank. He doesn’t expect Lehman to collapse, something that would likely lead to a “wave” of problems and writedowns at all lenders.

Led by Chief Executive Officer Richard Fuld, Lehman has been negotiating with potential investors about obtaining a capital infusion and selling devalued mortgage.