German bank CEOs warn on low interest rates, but Goldman says it's 'less of a concern'
September 05, 2019 at 06:30 AM EDT
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.