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BREAKING NEWS

BREAKING NEWS

Deutsche Bank CEO calls for European digital and banking integration

Deutsche Bank CEO calls for European digital and banking integration
Deutsche Bank CEO Christian Sewing speaks at the 28th Frankfurt European Banking Congress (EBC) at the Old Opera house in Frankfurt, Germany November 16, 2018. REUTERS/Ralph Orlowski -
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RALPH ORLOWSKI(Reuters)
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FRANKFURT (Reuters) - Deutsche Bank's <DBKGn.DE> chief executive on Friday urged Europe to renew efforts to cooperate, calling on politicians to create a programme for digital innovation with the aim of fostering European platforms that would compete against those in the U.S. and China.

Chief Executive Officer Christian Sewing, speaking at a banking conference in Frankfurt, also said Europe must accelerate plans for a banking and capital markets union.

Europe is "now gambling with its future", said Sewing, who said he was "so concerned" about a standstill in policy integration.

(Reporting by Tom Sims; Editing by Michelle Martin)

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