German government, JP Morgan deny report on Deutsche Bank


Shares in Germany’s troubled Deutsche Bank jumped by 5 percent on Friday following a report in WirtschaftsWoche magazine that JPMorgan and Industrial and Commercial Bank of China may be interested taking a stake.

The business weekly, citing sources in the regional government of North Rhine-Westphalia, also said Chancellor Angela Merkel had met Axel Weber, the former Bundesbank head who is now chairman of Swiss bank UBS, to sound out his views on Deutsche Bank.

The German government and UBS had no immediate comment. Deutsche Bank declined to comment.

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