Jamie Dimon Tells People To Calm The Heck Down Re: Deutsche Bank

Don't get your panties in a bunch over nothing.
"Christ, Janet!" Photo: Steve Jurvetson, via Wikimedia Commons

Photo: Steve Jurvetson, via Wikimedia Commons

Nothing to see here, folks.

"There is no reason that Deutsche Bank shouldn't get over its problems," the head of the largest U.S. bank by assets said of the fourth-largest European bank by assets. Deutsche shares have gotten pounded as investors worry that it has a weak capital position that is in even more danger due to a looming settlement with the U.S. Department of Justice involving the firm's mortgage-backed securities operations..."They have plenty of capital, plenty of liquidity," Dimon said during an telephone interview on CNBC's "Power Lunch" program.

JPMorgan CEO Dimon: There is no reason Deutsche Bank should not get over its problems