Bloomberg News

Ackermann Says Investment Banks Won’t Reach Revenue Peaks Soon

February 02, 2012

Feb. 2 (Bloomberg) -- Deutsche Bank AG Chief Executive Officer Josef Ackermann said investment banks will not reach their previous peak revenue levels in the foreseeable future even if market conditions improve.

“But although the entire pie is likely to be smaller in the future, Deutsche Bank will be able to handle a larger slice,” Ackermann said according to a copy of a speech to be made in Frankfurt today. Many peers are in the process of scaling down or even closing their investment banking units, while Deutsche Bank is “well positioned.”

The German firm is in “an ideal position to continue our growth and further increase profitability” at the corporate and investment bank, he said.

To contact the editor responsible for this story: Aaron Kirchfeld at akirchfeld@bloomberg.net


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus