The Next Lehman: Europe's Largest Lender On Verge Of Collapse
News is coming out from numerous sources that Deutsche Bank may be on the verge of collapse (see here, here, and here). Deutsche stocks are down 50% this year and the company is losing some 6 or 7 billion euros in profit annually.
A number of economists have pointed out that a Deutsche Bank collapse would be far more dangerous to the global economy than Lehman was in '08. It is the world's single largest foreign exchange bank and the largest lender in the whole of Europe. A collapse would trigger a tsunami in the German economy and ultimately the euro would unravel.
A number of economists have pointed out that a Deutsche Bank collapse would be far more dangerous to the global economy than Lehman was in '08. It is the world's single largest foreign exchange bank and the largest lender in the whole of Europe. A collapse would trigger a tsunami in the German economy and ultimately the euro would unravel.
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