FRANKFURT Deutsche Bank (DBKGn.DE) co-chief executive Anshu Jain said he sees less turbulent times ahead for the banking industry, thanks to a more stable euro zone.
"We see positive signals in the business outlook. The U.S. fiscal cliff is still a source of potential uncertainty, but other indicators in the U.S. economy are still positive," Jain told journalists gathered in Frankfurt at the bank's annual press conference.
"Structural debt levels in mature economies are still high, and Asia will continue to contribute to the bulk of the world's growth; but overall we foresee less turbulent conditions in 2013 than in the past two years."
Trending On Reuters
An ascendant Hindu nationalist group wants minority Muslims and Christians to accept that India is a nation of Hindus, and is pushing some of them to convert. What is unfolding is a battle for the soul of India. Full Article