Analysts speak carelessly, Deutsche Bank CEO hurriedly apologizes: retracting the report "Europeans will sell American assets"
The CEO of Deutsche Bank AG apologized for an analyst's report on "Europe possibly selling off U.S. assets," emphasizing that the bank does not agree with this viewpoint. The report raised market concerns about the escalation of the U.S.-Europe trade dispute into the financial sector, especially in the context of Trump's threat to impose tariffs on Europe. The head of foreign exchange research at Deutsche Bank warned that Europe holds nearly $8 trillion in U.S. assets, and if the dispute escalates, regulatory or tax measures may be taken, affecting the U.S. financial market
U.S. Treasury Secretary Janet Yellen stated in Davos that the CEO of Deutsche Bank has called to clarify that the bank does not agree with its analyst's report suggesting that "Europe may sell off U.S. assets."
Previously, due to Trump's threat to impose tariffs on eight European countries to pressure them into "buying Greenland," the market was concerned that the U.S.-Europe dispute would escalate beyond trade into the financial realm.
In this regard, George Saravelos, head of foreign exchange research at Deutsche Bank, warned in a report last Sunday that Europe holds nearly $8 trillion in U.S. assets (including bonds and stocks), which constitutes a key bargaining chip in a potential "capital war." If the dispute over Greenland escalates, Europe may employ countermeasures, imposing regulatory or tax measures on U.S. assets. This move would pose a more substantial threat to the U.S. financial market than traditional tariffs, directly impacting the U.S. Treasury market and the credit of the U.S. dollar.
