Photographer: Thorsten Wagner / Bloomberg
Photographer: Thorsten Wagner / Bloomberg
Deutsche Bank AG CEO Christian Sewing wants Germany’s largest lender to play an active role in a possible consolidation of Europe’s financial services industry, he told Welt on Sunday in the interview.
The performance of the Frankfurt-based bank has continued to improve, which is why the company is unwilling to become a young partner if unions and benefits are considered, Sewing told the company. Sunday paper.
“That is also important for Germany,” said the Chief Executive. “Reliance on financial services imports would be a strategic mistake.”
Deutsche Bank said last month that a trade rally that helped raise revenue last year will help stimulates growth through 2022, as sewing increasingly relies on investment banking for its turnaround plan. Profit from borrowing is under pressure due to negative European interest rates.
However, cost cuts and sales at the bank’s private and corporate customer business are developing “completely in line with the plan,” Sewing told the newspaper.