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JP Morgan CEO says has no interest in buying Deutsche Bank - Handelsblatt

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JP Morgan CEO says has no interest in buying Deutsche Bank - Handelsblatt

JP Morgan CEO says has no interest in buying Deutsche Bank - Handelsblatt
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Mike Blake(Reuters)
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FRANKFURT (Reuters) - JP Morgan <JPM.N> has no interest in buying Deutsche Bank <DBKGn.DE> the U.S. bank's chief executive told German daily Handelsblatt.

"It would not make any sense," Jamie Dimon told the paper. "If you only buy a company just to consolidate it, it is almost impossible to do without killing the patient."

Dimon told the paper that consolidation among Europe's banks could make sense, and appealed for a common deposit insurance scheme in Europe.

Dimon's remarks about Deutsche come on the same day that activist investor Hudson Executive Capital, led by JP Morgan's former Chief Financial Officer, took a 3.1 percent ownership stake in Germany's flagship lender.

(Reporting by Edward Taylor; Editing by Alexandra Hudson)

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