Bloomberg News

Deutsche Bank May Take Part in ECB 3-Year Tender If Makes Sense

February 02, 2012

Feb. 2 (Bloomberg) -- Deutsche Bank AG may participate in the European Central Bank’s next unlimited offer of three-year loans to banks, though it doesn’t need to, Chief Executive Officer Josef Ackermann said at an earnings press conference in Frankfurt today.

“We don’t need it,” he said. Deutsche Bank will, however, take part “if it makes economic sense.”

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net


Tim Cook's Reboot
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus