Haha Visaria is a tool... Deutsche bank will never fail, it's backed by the German government I wouldn't go long on there stock, but bust is non sense
Oh c'mon, in a free market without state intervention (which can be in many forms,not just cash) it's pretty much bust...the govt ain't gonna let it fail.
"" This is really something. How Deutsche Bank lost $1.6 billion on a busted bond bet known inside the bank as the “Berkshire trade.”
Deutsche Bank and Commerzbank The mooted merger between Germany's biggest banks does not currently make economic sense, according to a key advisor to the German government, which has been quite keen on the deal due to Deutsche Bank's underperformance. "Deutsche Bank has just made its first profit in several years and even exceeded its cost targets," Jorg Rocholl told Reuters. "One should give the bank and its management time to continue along this path." Reuters
German Banks Deutsche Bank and Commerzbank are reportedly holding tentative, preliminary merger talks, and the news—which follows months of rumors—boosted shares in both banks. The combined outfit would have a fifth of the country's banking market. Reuters
German Banks The potential merger of Deutsche Bank and Commerzbank could be bungled by the former, leaving Deutsche Bank with even bigger problems than it currently has. That's according to the bank's own regulatory supervisors, who told the Financial Times: "You have to employ ruthless brutality to be really successful…Should the deal fail, we would have regulatory issues that we are keen to avoid." Financial Times
German Banks Merger talks between Deutsche Bank and Commerzbank have collapsed—an embarrassment for Finance Minister Olaf Scholz, who has been trying to push them together. The failure of the talks makes Commerzbank vulnerable to a takeover from abroad, maybe by Italy's Unicredit, maybe by the Dutch ING Groep, both of which have expressed interest. Deutsche Bank's shares rose on the news, while Commerzbank's fell. CNBC