The CEOs of Germany's two biggest banks have warned of further damage to the ailing European banking sector and wider economy if the European Central Bank (ECB) cuts interest rates next week. Meanwhile, American banking giant Goldman Sachs told CNBC its business model insulated it from the risk of a low interest rate environment.
Revenues at the world's largest investment banks plunged to 13-year lows in the first half of 2019, according to the latest data from industry monitor Coalition.
The CEOs of Germany's two biggest banks have warned of further damage to the ailing European banking sector and wider economy if the European Central Bank cuts interest rates next week.
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