Deutsche Bank CEO doesn’t want to be junior partner in M&A: Bloomberg TV

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FILE PHOTO: Christian Sewing, CEO of Deutsche Bank AG, addresses the media during the bank's annual news conference in Frankfurt
FILE PHOTO: Christian Sewing, CEO of Deutsche Bank AG, gestures during the bank’s annual news conference in Frankfurt, Germany January 30, 2020. REUTERS/Ralph Orlowski

October 6, 2020

FRANKFURT (Reuters) – Deutsche Bank’s chief executive Christian Sewing doesn’t want the German lender to play second fiddle in any potential tie-up with other lenders, he said in an interview with Bloomberg TV.

“Consolidation needs to happen in Europe,” Sewing was quoted as saying. “It’s important that we’re not a junior partner.”

(Reporting by Tom Sims; Editing by Riham Alkousaa)

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