Can This Yank Stop Deutsche Bank's Dive In Asia?
Can Deutsche Bank get it right in Asia? It started 1998 with $777 million in provisions for bad Asian loans and warned in May that even more might be needed if Indonesia continued to deteriorate. To fix the mess, Deutsche investment banking boss Josef Ackermann dispatched John Ross, a blunt-talking American who was the bank's treasurer. "With all the turbulence, they wanted someone strong," says an investment banker who knows Ross.
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