Jain Says ECB Tests Will Create Preconditions for Bank Mergers
2014-05-27 16:31:31.342 GMT
By Nicholas Comfort and Stephanie Ruhle
May 27 (Bloomberg) -- “The preconditions for consolidation
will exist once we go through the SSM, stress test, AQR
process,” Deutsche Bank co-CEO Anshu Jain says in Bloomberg
Television interview today.
* “A lot more needs to happen though for that to really to
become a trend”: Jain
* Jain says “Europe is stable now” after ECB’s efforts and
“true institutions have been built”
* “GDP growth is still slow to come and I think that will
really be the challenge over the next few years”: Jain
* NOTE: ECB to Charge Biggest Banks $20 Million in Supervisory
Fees NSN N687JR6S972V <GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Nicholas Comfort in Frankfurt at +49-69-92041-213 or
ncomfort1@bloomberg.net
To contact the editor responsible for this story:
Frank Connelly at +33-1-5365-5063 or
fconnelly@bloomberg.net
2014-05-27 16:31:31.342 GMT
By Nicholas Comfort and Stephanie Ruhle
May 27 (Bloomberg) -- “The preconditions for consolidation
will exist once we go through the SSM, stress test, AQR
process,” Deutsche Bank co-CEO Anshu Jain says in Bloomberg
Television interview today.
* “A lot more needs to happen though for that to really to
become a trend”: Jain
* Jain says “Europe is stable now” after ECB’s efforts and
“true institutions have been built”
* “GDP growth is still slow to come and I think that will
really be the challenge over the next few years”: Jain
* NOTE: ECB to Charge Biggest Banks $20 Million in Supervisory
Fees NSN N687JR6S972V <GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Nicholas Comfort in Frankfurt at +49-69-92041-213 or
ncomfort1@bloomberg.net
To contact the editor responsible for this story:
Frank Connelly at +33-1-5365-5063 or
fconnelly@bloomberg.net