Deutsche Bank CEO Ackerman's key comments:- Not allowed to post full transcript anywhere.
- Future growth of earnings in financial services looks limited
- The debt crisis, increased regulation will make it extremely difficult for European banks to raise revenues.
- Some European banks will not survive if they had to mark to market all sovereign debt.
- If trend continues into September, cost cutting measures MUST be employed.
funkymonks - reasons to be cheerful - monday, page-101
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