Deutsche's Americas CEO Sees End to Credit Crunch

Deutsche Bank Americas Chief Executive Seth Waugh said Tuesday that the difficulties in credit markets are beginning to end, but risk is still being repriced and more bad news may emerge.

"We're at the beginning of the end of the crisis, given the Fed's actions ... There's a dramatic repricing that has to continue to go through," Waugh said, said in an interview on CNBC television.

Waugh said that the asset-backed commercial paper market is better off than it was two weeks ago, and is still open for many issuers, but will likely be smaller in the future than it was previously.


  • US official: We support AIIB's goal

    Catherine Novelli, U.S. Under Secretary of State for Economic Growth, Energy and the Environment, says the U.S. supports the Asian Infrastructure Investment Bank's goal in infrastructure development.

  • Japan indicated it would not become a founding member of the AIIB, staying loyal to the U.S., which has urged allies not to join, NYT reports.

  • Why are countries eager to join China-Led AIIB?

    Edwin Truman, non-resident senior fellow at the Peterson Institute for International Economics, says many countries have "commercial motivations" and explains why the U.S. should be part of the new development bank.