According to a report from Reuters, Germany’s top financial regulator warned of the dangers posed to banks by cheap money and urged them to “get real” in overhauling their businesses and axing loss-making operations.
The comments come as the nation’s largest lender, Deutsche Bank, works on a plan for “tough cutbacks” to its underperforming investment bank.
Felix Hufeld, president of the financial markets watchdog BaFin, said a further reduction of interest rates—which have already been at historic lows for years after the financial crisis—would put even more pressure on banks.
European Central Bank (ECB) President Mario Draghi said last week that the ECB was prepared to cut rates or restart bond purchases in the absence of a clear improvement in the inflation outlook.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Pfizer Settles Remaining Effexor XR Antitrust Claims for $25.5 Million
Apr 29, 2024 by
CPI
South Korean Regulator Approves LG Uplus and Kakao Mobility EV Charging Venture
Apr 29, 2024 by
CPI
Federal Judge Dismisses Doctors’ Antitrust Suit Against Ohio Health System
Apr 29, 2024 by
CPI
Paramount CEO Bob Bakish Steps Down as Merger Inches Closer
Apr 29, 2024 by
CPI
EU Brands Apple’s iPadOS as Gatekeeper in Tech Crackdown
Apr 29, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI