Deutsche Bank turmoil shows risks of weakening bank capital standards
- Written by Anjan V. Thakor, Professor of Finance, Washington University in St Louis
Deutsche Bank, a venerable 146-year-old bank whose very name symbolizes the German financial system, has recently found itself in considerable turmoil.
The kicker came in September when the Department of Justice slapped it with a US$14 billion fine for alleged wrongdoing during the financial crisis. But Deutsche Bank was already being buffeted by...
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