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Opinion: Deutsche Bank in dire straits | Opinion | DW.COM | 27.09.2016
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Henrik Bohme says in DW.com that the German government may have to step in to rescue Deutsche Bank after the $14 billion legal settlement with the U.S. Justice Department for the bank's practices before the financial crisis of 2008. He points out that there are other legal settlements that are expected, including one for money laundering charges. In all he says there are 7,800 legal challenges the bank faces. The share price has dropped by 90% to 10 euros by September 2016. The market capitalization is low at 14 billion euros, and it was dropped from the Eurostoxx 50 index because of this. It has 1.7 trillion in assets under management, is a systemically important bank, which means the German government has no alternative but to step in and rescue the bank. Issuing new shares with so many legal challenges is not an option as there would be few buyers.
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Deutsche Bank Plans to Extend Contract of Co-CEO
New York Times 09/11/2013
Deutsche Bank Hit By Legal Costs
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Opinion: Deutsche Bank in dire straits | Opinion | DW.COM | 27.09.2016
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Opinion: Deutsche Bank in dire straits | Opinion | DW.COM | 27.09.2016
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Linked Articles
Opinion: Deutsche Bank in dire straits | Opinion | DW.COM | 27.09.2016
DW.COM 09/27/2016
America’s Department of Justice asks Deutsche Bank for $14 billion
The Economist 09/16/2016
Deutsche Bank- the road to dire straits
01/01/2017
Linked Articles
Opinion: Deutsche Bank in dire straits | Opinion | DW.COM | 27.09.2016
DW.COM 09/27/2016
Deutsche Bank Flew and Fell. Some Paid a High Price.
The New York Times 12/30/2016
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