Injections were vital: Deutsche Bank's Ackermann

Central banks' liquidity injections were crucial in averting the collapse of financial institutions, said Josef Ackermann, the chairman of Deutsche Bank.

Speaking in London on Monday, Ackermann underlined the importance of the extra funds added in early August on signs of tension in interbank markets. "I can only say that we had some very critical moments. It was very important that central banks reacted as swiftly as they did," he said.

Ackermann described the situation in one of Deutsche Bank's

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