Deutsche Bank risk exec says credit crisis “far from over”

Deutsche Bank AG chief risk officer Hugo Banziger said on Sunday that the credit crisis is “far from over,” according to Bloomberg.

“We are in the middle of it,” he said.

He noted that credit spreads were higher today than they were at the time Lehman Brothers Holdings Inc filed for bankruptcy last year.

The German bank recently rejected taking government aid or raising additional capital in an effort to protect shareholders, Banziger said.