Deutsche Bank slams EU regulators for stifling bank growth

Deutsche Bank is trading some 88% below its peak just before the financial crisis, while JPMorgan Chase & Co and Goldman Sachs Group have hit record highs

Deutsche Bank CEO Christian Sewing has hailed the EU for making banks safer, but said tight regulation has hindered M&A activity.

Deutsche Bank chief executive Christian Sewing has said Europe has made large banks safer after the financial crisis, but failed to create conditions for them to consolidate and grow, hampering their ability to compete with international peers.

“It was right and remains right to regulate large banks particularly carefully,” Mr Sewing said at a virtual conference.