Deutsche Bank CFO Says No Exposure to Tricolor, First Brands (1)

Deutsche Bank AG wasn’t directly or indirectly exposed to blowups such as the collapse of Tricolor Holdings or First Brands Group, according to Chief Financial Officer James von Moltke.

“We’re pleased to have been able to avoid, in this instance, those recent high-profile cases,” von Moltke said in a Bloomberg TV interview on Wednesday.

The failures of subprime auto lender Tricolor and auto-parts supplier First Brands have put credit losses under the spotlight, with JPMorgan Chase & Co. CEO Jamie Dimon warning of the potential for more such cases. “When you see one cockroach, there are probably more,” ...