Is another round of continent-hopping banks (and bank services) up ahead? Perhaps, if the analysis of Josef Ackermann, CEO of Germany-based Deutsche Bank (DB) is accurate.

Ackermann said Germany has a "comparative advantage" over other financial hubs because it is not expected to tax bonuses as Britain and France have done, Bloomberg News reported Sunday.

Well, isn't this a fine kettle of fish. A year after the bankers, with their greed and excessive speculation, took world economies to the brink of chaos, they are complaining that regulating them is not a good idea.

Josef Ackermann, chairman of the Institute of International Finance, said: "There's a trade off between maximizing stability of banks and optimizing growth of the real economy."

It's not enough that Citigroup (NYSE: C)'s stock lost almost half of its value. Now it is having trouble getting someone to take the CEO job at the bank.

According to the Financial Times, "Josef Ackermann, chief executive of Deutsche Bank (NYSE: DB), has turned down an approach from Citigroup about taking charge of the U.S. bank, underlining the lack of high-profile external candidates for the job."

Citi's board may simply be reaching where it does not have to. It has an inside candidate, Vikram Pandit, who came from Morgan Stanley (NYSE: MS), and already knows the bank's operations. It would be hard to argue that someone from outside could solve the company's problems without months of orientation.

And the board may also be overlooking one other important element to running Citi. The financial firm is so big that it is not really run by the CEO. Operating heads handle the large units at the company. The CEO at a huge firm sets policy. With a board that is likely to stay close to a bad situation, especially through the first year of a new chief's tenure, there are plenty of people to help the bank out.

Waiting is the worst thing.

Douglas A. McIntyre is an editor at 247wallst.com.

On the heels of trading losses earlier this summer, Deutsche Bank (NYSE: DB) sought to reassure the markets on Tuesday that the investment bank's "strong risk management" had the kept the situation under control.

CEO Josef Ackermann acknowledged that Deutsche's investment banking business had been hurt by recent credit market turmoil, including constrained liquidity which many analysts called a credit crunch, but the CEO underscored that liquidity was returning to the market and that he was pleased with the banks overall performance.

"In the last few days, there have been signs that markets begin to stabilize. Liquidity is returning," Ackermann said in a statement. "Availability of funding has not been a problem for Deutsche Bank in recent weeks."

Still, Ackermann was careful to note that Deutsche, which derives nearly half of its revenue from sales and trading, would see an effect from market corrections on its trading revenue in August.