Deutsche Bank (DBKGn.DE), opens new tab is focused on making itself stronger by doing its “homework” rather than considering mergers and acquisitions, the lender’s finance chief said on Thursday, noting any tie-up could be “much further down the road”.
CFO James von Moltke, on an earnings call with analysts, was asked whether the bank would consider using excess capital for possible M&A.
Von Moltke, who is also the bank’s deputy chief executive officer, said “there’s more homework” for the bank and noted hurdles that make it difficult for big mergers to pay off.
Source: REUTER
Leave A Comment