|
||
Relevant:
|
2016-09-20 — golemxiv.co.uk
Deutsche cannot pay $14 billion without raising a great deal of cash. Deutsche has put aside $5.5 billion for paying fines. A mere 9 billion short. So could Deutsche go down? Financially yes it could. But politically, I doubt it. And it's the tension between these two answers, between the parlous financial state and the huge political significance of Deutsche, that I find interesting.
Deutsche is Germany's only G-SIB (Global Systemically Important Bank).  Deutsche is Germany's financial flag carrier. It stands at the centre of Germany's long held desire to have Frankfurt eclipse London as Europe's financial centre... France has three G-SIBs. The balance between France and Germany within Europe would shift. Maintaining that balance between France and Germany, at the heart of Europe, has been critical in European affairs since WWI. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |