JPMorgan denies report of interest in Deutsche Bank
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FILE PHOTO: People pass the JP Morgan Chase & Co. Corporate headquarters in the Manhattan borough of New York City, May 20, 2015. REUTERS/Mike Segar/File Photo
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FRANKFURT (Reuters) - U.S. investment bank JPMorgan (NYSE: JPM) denied a report on Friday in Germany's WirtschaftsWoche business weekly that it was interested in acquiring a stake in Deutsche Bank
"We are denying the story, it is not true," a spokesperson for JPMorgan said.
Deutsche Bank pared earlier gains to trade 3.5 percent higher following the JPMorgan denial.
(Reporting by Hans Seidenstuecker; Writing by Douglas Busvine; Editing by Tom Sims)
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