Money Morning:
Deutsche Bank has $75 trillion – with a "T" – worth of derivatives on its books and has been in trouble with the New York Fed over lax reporting as well as a serial law breaker that has paid billions of dollars of fines to the government in legal settlements.
It has poor management, lax financial controls and, as its write-off suggest, a lot of bad assets on its books. Of course, Deutsche Bank is a "too big to fail" global institution, which really means it is "too big to save." As one of the biggest banks in the world, trouble for Deutsche Bank spells trouble for the global financial system.
Deutsche Bank has $75 trillion – with a "T" – worth of derivatives on its books and has been in trouble with the New York Fed over lax reporting as well as a serial law breaker that has paid billions of dollars of fines to the government in legal settlements.
It has poor management, lax financial controls and, as its write-off suggest, a lot of bad assets on its books. Of course, Deutsche Bank is a "too big to fail" global institution, which really means it is "too big to save." As one of the biggest banks in the world, trouble for Deutsche Bank spells trouble for the global financial system.
Vastaukset
Vanhimmat
Ei vielä vastauksia
Aloittaja odottaa vastauksia. Kerro oma näkemyksesi ensimmäisenä.