The story of Deutsche Bank being a systemic risk to the global economy is far from told. If this vast European institution would collapse, the European economy will see significant shockwaves for many years to come. According to Zerohedge, this collapse will only be a matter of time, although that may be overstating things a bit.
It has to be said, though, that Deutsche Bank has been digging its own grave for quite some time now. After refusing to admit their capital situation was not up to part, the institution finally admitted the need for help in 2013. However, it took them until 2014 and beyond before raising an additional 9.5 billion EUR.
2016 Has Been Horrible For Deutsche Bank
But there are some factors even financial giants cannot control completely. Various attempts to get with the flow of digitization and cost-cutting measure shave yielded little to no success. To be more precise, close to 9,000 jobs will be axed in the coming months. To make matters worse, the bank will cease its operation in almost a dozen countries.
Particularly 2016 has been a horrible year for Deutsche Bank, which may put the final nail in the
Read more ... source: NewsBTC USA
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