Deutsche Bank C.E.O. Calls for More European Bank Mergers
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John Cryan, the chief executive of Deutsche Bank, said that the E.C.B. helped stabilize Europe after the financial crisis, but that monetary policy had since weighed on bank profits. CreditKai Pfaffenbach/Reuters
LONDON — The chief executive of Deutsche Bank on Wednesday called for more consolidation in the banking industry in Germany – and across Europe – and action by central banks as the region’s lenders struggle to navigate an environment of historically low interest rates.
The chief executive, John Cryan, said that the European Central Bank helped stabilize Europe after the financial crisis, but that monetary policy had since weighed on bank profits – by cutting into net interest income – and had hurt savers and their pension investments…
Deutsche Bank C.E.O. Calls for More European Bank Mergers
