07-09-2022, 04:09 PM
FRANKFURT (Reuters) - Deutsche Bank chief Christian Sewing, painting a bleaker assessment of the Germany economy, on Wednesday warned that China was a considerable risk for the nation and that Europe needed big banks to fend off American competitors.
He said the country must now face the "awkward question" of dealing with China, given its "increasing isolation and growing tensions".
"The dominance of American banks is no law of nature," he added.
https://money.usnews.com/investing/news/...-u-s-banks
He said the country must now face the "awkward question" of dealing with China, given its "increasing isolation and growing tensions".
"The dominance of American banks is no law of nature," he added.
https://money.usnews.com/investing/news/...-u-s-banks