OSLO (Reuters) - Norway's $882-billion sovereign wealth fund, the world's biggest, is closely monitoring developments at Deutsche Bank, the fund's deputy chief executive said on Friday.
"We don't want to comment on the possibility of raising capital," Trond Grande told Reuters on the sidelines of the fund's third-quarter earnings presentation.
The Norwegian fund held a 2.47-percent stake in Deutsche at the end of 2015 and also holds bonds.
Deutsche has been engulfed in crisis since news emerged last month of a U.S. demand for a $14 billion settlement over the sale of toxic mortgage bonds. The bank is fighting the fine but could have to turn to investors for more money if it is imposed in full.
(Reporting by Camilla Knudsen, writing by Terje Solsvik, editing by Gwladys Fouche)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app