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Deutsche Bank CEO calls on regulators to loosen rules that ‘structurally disadvantage’ European banks
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Deutsche Bank chief executive Christian Sewing has called on politicians and regulators to overhaul rules that "structurally disadvantage" European banks against their US rivals.
The German lender's CEO said that the "pendulum has swung too far", with moves put in place in the wake of the 2008 financial crisis to stabilise European banks instead forcing them further behind competitors headquartered in the US.
"Admittedly,...
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