Deutsche Bank Continues To Adjust Only Because Of Epic Collapse.
The collapse of Lehman has shocked the world and ignited the 2008 financial crisis.
Deutsche Bank will become the next Lehman. If the death of Lehman brothers and Bell Sten is fast and painless, the death of Deutsche Bank will be long and painful.
Comprehensive foreign media reports, although experienced 10 years of hardship, but as
Europe
The future fate of Deutsche Bank, one of the most important financial institutions, seems to have been doomed.
Jeff Desjardins, an economist at Visual Capitalist, points out that Deutsche Bank's share price has dropped 48% this year to $12.60, the lowest in history.
What is more shocking is its long-term view of the downward spiral of Deutsche Bank.
At present, the market value of Deutsche Bank is only 15 billion 800 million dollars, which is only 8% of the 147 year old company with the highest share price in May 2007.
In recent years, Deutsche Bank has been constantly adjusting the company.
After the financial crisis, Deutsche Bank experienced a number of CEOs. In October 2015, the company announced the appointment of John Cryan, the new joint CEO, and experienced large-scale personnel changes within the company.
At present,
Deutsche Bank
There are 9000 redundancies and plans to terminate business in 10 countries.
This is the beginning of the recent disaster in Deutsche Bank, especially in the past 6 months.
At the beginning of this year, Deutsche Bank announced the company's losses in 2015 reached a record $6 billion 800 million.
After Klein took office, he started a lot of public relations operations. He claimed that the company's situation was very "stable".
German finance minister Wolfgang Schauble also said he was not worried about the situation of Deutsche Bank.
Now the question is: if Germany will
Bank Bankruptcy
So what are the problems and impacts of the Deutsche Bank's derivatives trading worth 52 billion euros? Compared with Goldman Sachs, JP Morgan chase, Merrill Lynch Ag and Citigroup, the investment banking sector of Deutsche Bank is one of the largest investment banks in the world.
But unlike several others, Deutsche Bank has not recovered fully from the financial crisis.
Ironically, Josef Ackermann, the company's chief executive, boldly declared that Deutsche Bank had sufficient capital and was better than any other competitor.
But in the end, Deutsche Bank concealed a loss of $12 billion in order to avoid government bailouts.
At the same time, Deutsche Bank made a lot of profit in the turbulent times by manipulating the Libor interest rate.
These "gains" did not end up as profits because Deutsche Bank was fined a record $2 billion 500 million for manipulating Libor.
Deutsche Bank finally had to admit that the company actually needed more capital.
In 2013, Deutsche Bank raised 3 billion euros and declared that no additional capital injection was needed.
But then deutsche bank refinancing 1 billion 500 million euros and 8 billion euros in 2014.
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