Deutsche Bank, others must reexamine business models: IMF chief

Deutsche Bank, others must reexamine business models: IMF chief
 

Deutsche Bank and many other major banks need to reexamine their business models to maintain long-term profitability in a very low interest rate environment, International Monetary Fund Managing Director Christine Lagarde said on Thursday.
Lagarde told Bloomberg Television at the IMF and World Bank fall meetings in Washington that Deutsche Bank (DBKGn.DE) must "decide what size it wants to have and how it wants to strengthen its balance sheet. But it's not the only one in the banking basket that has to do that job."
During an earlier news conference, Lagarde said many banks around... read more

 
6 October 2016 in Business, Views: 48
Source: Reuters
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