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Deutsche Bank Sees Negative Rates Worsen Europe Banks’ Retreat

  • President von Rohr calls for completion of banking union
  • Says region’s financial industry saw ‘dramatic’ loss of ground
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"With inflation factored in, the result is a creeping erosion of our European customers’ assets," von Rohr says. Source: Bloomberg

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Europe’s finance industry has seen its global sway erode dramatically and the main weapon being used to boost the continent’s economies is making things worse, a top Deutsche Bank AG executive warned Wednesday.