socialmedian: Ackermann warns of pressure on banks

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Ackermann warns of pressure on banks

Source: Financial Times

Nov 03, 2009

Summary

Political pressure to cut banks down in size is "totally misguided", Josef Ackermann, chief executive of Deutsche Bank and chairman of the Institute of International Finance, told a London conference on Monday, in an attack on regulatory thinking. Ackermann said that pressure on lenders to organise as a string of subsidiaries was "completely unacceptable"...

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