Deutsche Bank on Right Track Despite Setbacks, Says Chairman Achleitner
May 23 2019 - 4:59AM
Dow Jones News
By Jenny Strasburg
FRANKFURT--Deutsche Bank AG Chairman Paul Achleitner, facing a
shareholder challenge to his leadership, said Thursday that the
lender is on the right track despite a year "fraught with
setbacks", including new regulatory investigations and share
declines.
Mr. Achleitner opened the bank's annual meeting by telling
investors that the decision not to merge with Commerzbank AG was
the right decision because the deal's risks outweighed potential
benefits.
He also said he didn't feel political pressure, and the decision
to begin and end talks was the management board's.
Without a merger, Deutsche Bank must grow organically now, Mr.
Achleitner said.
Write to Jenny Strasburg at jenny.strasburg@wsj.com
(END) Dow Jones Newswires
May 23, 2019 04:44 ET (08:44 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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