Germany Won’t Bail Out Banks, Including Deutsche Bank, Financial Collapse Possible
Germany does not intend to bail out any failing banks, including Deutsche Bank. According to Hans Michelbach, a senior lawmaker in Chancellor Angela Merkel’s voting bloc, resistance is growing to the possibility of stepping in to rescue a failing financial institution. Deutsche Bank, a prime candidate for collapse, is facing a fine of $14 billion from the US Department of Justice. Michelbach told Deutschlandfunk radio that the country is leery of repeating the mistakes of the 2008 financial crisis, where the world’s largest banks, deemed “too big to fail,” were bailed out with taxpayer....
Related News
A new report reveals that more than 300 banks in Germany are now charging some customers negative interest rates. Some are big global banks, including Deutsche Bank, Commerzbank, and ING. 300 Banks Pass on the Burden of Negative Interest Rates to Customers Banks in Germany have been increasingly passing on the burden of negative interest rates to their clients after the European Central Bank (ECB) adopted a negative interest rate policy. After lowering one of its key interest rates into negative territory in June 2014, the ECB then lowered the deposit facility rate incrementally until it....
It will be impossible for Deutsche Bank to continue their operations as normal and pretend there is nothing wrong. 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....
Germany’s Deutsche Bank has become the latest financial services giant to confirm it’s leaving Russia over Moscow’s military assault on Ukraine. The bank has been reducing its Russian exposure since 2014 when Russia annexed Crimea and the conflict in Eastern Ukraine erupted. Amid Ongoing War in Ukraine, Deutsche Bank Pulls Out of Russia Deutsche Bank, Germany’s largest banking institution, is scaling down operations in the Russian Federation. The bank announced its move in a statement posted on Twitter late on Friday, condemning Russia’s invasion of....
Deutsche Bank isn’t likely to receive a bailout, UnoCoin sets a new funding record, and Velocity invites you to try “simple” smart contracts. Want to catch up on your latest tech and digital currency news? Read the stories below. DEUTSCHE BANK. Deutsche Bank is on the edge of financial crisis. Currently facing a $14 billion USD fine from the U.S. Department of Justice, German legislators have stated they are not likely to aid of any major banks should they go under. Germany is attempting to avoid the same financial mistakes made in 2008 when, following an economic meltdown, major players....
Deutsche Bank’s economists have warned that the U.S. will suffer a major recession next year. However, several other major investment banks, including Goldman Sachs and JPMorgan, are less pessimistic about the future outlook for the U.S. economy. Major US Recession Incoming, According to Deutsche Bank’s Economists Deutsche Bank has predicted a deeper downturn than its previous forecast for the U.S. economy in a report to clients, published Tuesday. The bank’s economists, including David Folkerts-Landau, group chief economist and head of research, explained in the....