Deutsche Bank Believes In M&A But Conditions Tricky, CFO Says

Deutsche Bank AG Chief Financial Officer James von Moltke said the lender believes deals would be good for the banking industry but the environment isn’t conducive.

“For a long time, we’ve been proponents of consolidation in the industry but we’ve also said that conditions, preconditions have to be in place for that to happen,” von Moltke said in a Bloomberg Television interview at the World Economic Forum in Davos, responding to a question about a Bloomberg News story last week. “Some of the coverage since the article on Friday has pointed out that preconditions in Europe are quite difficult across ...