Deutsche Bank CEO Rejects Internal Analyst’s US Report, Says Bessent
Deutsche Bank’s Chief Executive Officer, Christian Sewing, has publicly dismissed a report from one of the bank’s analysts. The report raised concerns that European investors might begin to divest from US assets. This statement was made by US Treasury Secretary Scott Bessent during a recent session at the World Economic Forum held in Davos.
Details of the Deutsche Bank Analyst’s Report
The controversial analysis suggesting that European investors could sell off US assets was attributed to a single analyst at Deutsche Bank. This assertion prompted immediate pushback from the bank’s CEO.
Official Response from Deutsche Bank
During the World Economic Forum, Bessent noted that Sewing had reached out to clarify that the bank does not support the views expressed in the analyst’s report. Bessent stated:
- “This notion that Europeans would be selling US assets came from a single analyst at Deutsche Bank.”
- “The CEO of Deutsche Bank called to say that Deutsche Bank does not stand by that analyst report.”
This clarification aims to assure investors about Deutsche Bank’s position regarding US investments amidst shifting financial landscapes.
Implications for Investors
The dismissal of the report emphasizes Deutsche Bank’s commitment to maintaining investor confidence. As global markets continue to evolve, statements from major financial institutions carry significant weight.
Summary
In summary, Deutsche Bank’s CEO has rejected claims made in an internal analyst report about European investors’ potential divestment from US assets. This response highlights the importance of reliable analyses within financial institutions, particularly in uncertain economic times.
