September 6, 2017 / 8:04 AM / 3 months ago

RPT-Deutsche Bank CEO calls on ECB to change course

(Includes additional subscribers)

FRANKFURT, Sept 6 (Reuters) - Deutsche Bank’s chief executive John Cryan on Wednesday called on the European Central Bank to change course on monetary policy as asset price bubbles develop.

He also said Frankfurt is the most natural location as a financial hub as banks move from London after Britain’s decision to leave the European Union.

“The era of cheap money in Europe should come to an end - despite the strong euro,” Cryan told a room full of bankers in Frankfurt a day before the ECB’s governors meet to discuss policy. (Reporting by Tom Sims; editing by John O‘Donnell)

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