Counterparties are losing confidence, withdraw cash.
Everyone is denying everything.
No bank is “so powerful as to be untouchable.”
When will she buckle?
The potential to unleash the “third phase” of the Global Financial Crisis.
With a stagnating economy, even supposedly good debt on banks’ books may end up putrefying.
For profitable, well-capitalized banks not teetering on the brink, big fines are a slap on the wrist. But these three conditions don’t apply to Deutsche Bank.
Most often it just leads to more shut-downs, write-offs, and layoffs.
The number of “weakest link” companies worst since October 2009.
And what happened in 2009?