German Bank CEO Mentions Risk in China Also Said “Germany's Recession Is Inevitable”
7 Articles
7 Articles
German Bank CEO Mentions Risk in China Also Said “Germany's Recession Is Inevitable”
[FRANKFURT 7th Reuters] - Deutsche Bank Chief Executive Officer Christian Zebing said on the 7th that China is a big risk to Germany. He also said that large banks are needed in Europe in order to win competition with US financial institutions. It also showed recognition that “a recession is no longer inevitable” in Germany. I mentioned it at a meeting held in Frankfurt. The CEO pointed out that it is necessary to face the “troublesome problem” …
Deutsche Bank CEO Sewing Says Germany Heading for Recession
Europe’s largest economy is set for contraction on the back of soaring inflation, energy bottlenecks and the disruption to global supply chains, Deutsche Bank AG Chief Executive Officer Christian Sewing warned.
Deutsche Bank Ag (DB) – Deutsche Bank CEO Signals Recession Risks On Germany, Europe
Deutsche Bank AG's (NYSE: DB) CEO Christian Sewing warned that China was a considerable risk for Germany and that Europe needed big banks to stave off competition from U.S. banks, Reuters reported.Sewing added that Germany would "no longer be able to avert a recession" after it became too dependent on Russian energy.Speaking at a banking conference in Frankfurt, Sewing said Europe had learned how dangerous it was to be ...Full story available on…
Coverage Details
Bias Distribution
- 50% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
