Deutsche Bank AG, adding assets as other lenders trim their balance sheets, leapfrogged France’s BNP Paribas SA to reclaim the title of Europe’s largest bank.
Deutsche Bank AG co-Chief Executive Officer Anshu Jain is cutting compensation to placate shareholders as Europe’s debt crisis slashes financial-industry jobs, leaving workers fewer opportunities to defect.
Europe’s largest lenders and insurers are likely to accede to the Greek debt swap because they’ve already written down their sovereign holdings and want to avert the risk of a default, analysts said.
"Negative rates are mostly aimed at the foreign banks that choose to hold their money in Swiss francs because they think it's safer at the moment. The SNB is trying to discourage that."
- Dirk Becker on Dec 18, 2014