DEUTSCHE BANK CEO OBSERVES ADDITIONAL CONSOLIDATION (DB) Zacks.com
Snapshot Report ) said Friday he looks forward to consolidation in the banking industry to contiune, but warned that such group of resources held risks.
At an event in Zurich, Switzerland Ackermann also noted the consolidation was partially driven by gradually strict guidelines, voicing concern that extra rules will prompt some financial business to move into market niches that are less regulated while international regulatory standards were needed instead of more national regulations, which risk increasing administrative costs to banks.
Deutsche Bank AG is a global financial service provider delivering commercial, investment, private and retail banking. The Bank offers debt, foreign exchange, derivatives, commodities, money markets, repo and securitization, cash equities, research, equity prime services, loans, convertibles, advice on M&A and IPO's, trade finance, retail banking, asset management and corporate investments.
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