Ackermann Ending Decade at Deutsche Bank Says Markets Muted
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Josef Ackermann, who ends a 10-year reign as Deutsche Bank AG’s chief executive officer today, said financial market activity remains “muted” as Europe’s debt crisis and a slowdown in Germany and Asia threaten to damp the global economy.
“Companies in what has been our previously very robust home market, Germany, have been lowering their expectations,” he said in a speech at the bank’s annual shareholder meeting in Frankfurt. “Financial market activity remains muted.”