Deutsche Bank CEO Says 25% ROE Unrealistic In Coming Years -Report
First Published Saturday, 26th May 2012 11:37 am - © 2012 Dow Jones
FRANKFURT -(Dow Jones)- The outgoing Chief Executive of Germany's Deutsche Bank AG's (DB), Josef Ackermann, said the bank won't reach 25% return on equity in the coming years, according to prereleased excerpts of an article to be published Sunday in Frankfurter Allgemeine Sonntagszeitung.
"The return on equity will be substantially below the old target of 25% for several years," Ackermann is quoted as saying, "alone for the reason that the equity required by regulation has increased significantly."
Newspaper website: http://www.faz.net
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500.
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