Anshu Jain, Deutsche Bank AG (NYSE:DB) (FRA:DBK) Co-CEO and Co-Chairman, spoke with Bloomberg Television’s Stephanie Ruhle today about the bank’s business strategy, financial regulation and industry outlook.
Jain discussed opportunities in Europe: “Europe is stable now, so two years ago, people were calling for the demise of the Eurozone. People were talking about the default of Italy. Greece is going through a very difficult time. Let’s really acknowledge what Europe has accomplished. Two institutions have been built. The OMT program is highly successful. The ECB has done a lot to create stability. We’re now going through the single supervisory mechanism process, which I think will be very good as well. You are right in saying GDP growth is still slow to come and I think that really will be the challenge over the next few years.”
He also noted: “We still see enough opportunity in emerging markets where I think it’s worth braving those considerations.”