Credit crisis like no other
Nov 8 - Deutsche Bank CEO Josef Ackermann said that the 'investor strike' and the length of time that it is taking for markets to normalise is different to other crises.
Speaking at the Reuters Finance Summit in London, Josef Ackermann said that with full transparency and better marking of risks he is optimistic that markets will normalise.
The leading banker from Deutsche Bank also said that the present credit crunch will not have such a dramatic effect on the German economy, which has become more competitive due to company restructuring.
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