Deutsche Bank Chair Says Lender Wants to Be Ready for Deals
Deutsche Bank earlier this year bought UK corporate broker Numis in a transaction that was the German lender’s largest in over a decade.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Deutsche Bank AG wants to be ready to do deals even though its strategy doesn’t depend on it, according to the chairman.
The German lender remains open to alternatives for growth including M&A, Supervisory Board Chairman Alexander Wynaendts said at an event hosted by the International Economic Forum of the Americas in Paris on Wednesday. However, regulatory and political conditions for consolidation are not met yet, he said.