 "Why Anshu Jain thinks 2013 will be less turbulent than 2012")
FRANKFURT: Deutsche Bankco-chief executive Anshu Jain said he sees less turbulent times ahead for the banking industry, thanks to a more stable eurozone.
“We see positive signals in the business outlook. The U.S. fiscal cliff is still a source of potential uncertainty, but other indicators in the U.S. economy are still positive,” Jain told journalists gathered in Frankfurt at the bank’s annual press conference.
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“Structural debt levels in mature economies are still high, and Asia will continue to contribute to the bulk of the world’s growth; but overall we foresee less turbulent conditions in 2013 than in the past two years.”
Reuters
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