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Friday, 03 February 2012
Deutsche Rejects ECB Money
Josef Ackermann, CEO of Deutsche Bank, has indicated that his bank will not be borrowing money from the European Central Bank as part of this month’s three year loan auction process.
Deutsche did not utilise the first tranche of funds in December and intends to continue with this stance on the grounds that it displays weakness.
Not a message that the ECB wishes to hear.
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