CALGARY, Sept 6: Financial markets are still volatile and fragile, with investors fretting over rumours of major bank losses or large portfolios getting dumped onto the market, Josef Ackermann, chief executive of Deutsche Bank, said on Friday.

But he and other bankers attending a business forum in Western Canada pointed to glimmers of improvement in some parts of the global business, which has been slammed by about $450bn in credit-related writedowns.

Most types of loans are still available in Europe and in emerging markets, and rising credit default rates are more problematic in the US than in Europe, Ackermann said during a forum on global banking at the Spruce Meadows equestrian center near Calgary.—Reuters