Deutsche Bank AG (DBK) Chief Executive Officer Josef Ackermann said he supports the creation of a European bank rescue fund, Der Spiegel reported, citing an interview.
Such a vehicle is needed now more than ever to stabilize banking systems, restructure international lenders if necessary and avoid the distortion of competition, the Hamburg-based magazine cited the CEO as saying.
Ackermann said the “re-nationalization” of European banking markets is a matter of concern, Spiegel reported in an e-mailed summary of an article.
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