Deutsche Bank: credit crisis has almost ended
19 May 2008End of credit crisis comes and US real estate market should be restored in second half of year. Such information has been declared by chapter Deutsche Bank Joseph Akkermann.
According to his words the end of financial crisis has come. It has not come to the end yet, but signals from the USA encourage. He has also told that the pragmatic approach of the USA to the sanction of crisis will soon improve the situation. The expert has declared that they should feel results in the second half-year and see powerful restoration of the American real estate market. So, it is high time for the banks to start drawing conclusions from current crisis.
- Deutsche Bank will get seven towers on Manhattan for debts
- Sale of Postbank is still under the question
- Head of FSA: Times of cheap credits have ended
- European banks are looking for way out from crisis
