Deutsche Bank

Hamish McRae The eurozone needs to get a grip of its banking crises

Quite suddenly, or so it seems, the fears of a rerun of the Lehman Brothers crash have returned. But this time the institution in the firing line, Deutsche Bank, is in Europe and is much larger than Lehman. For many people this will sound both extraordinary and troubling. Weren’t all the actions taken by the authorities supposed to lead to a safer banking system? Wasn’t it a problem in the US, particularly in housing finance, that led to the crash, not events or practices in Europe? And isn’t Deutsche Bank a solid commercial bank, not one of those “casino banking” institutions?

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