Oct
05
Deutsche Bank Singled Out in I.M.F. Stability Warning
ByWASHINGTON — The International Monetary Fund did not bring up Deutsche Bank’s name when it warned in its financial stability report that cash-poor banks in Europe with outdated business models posed a threat to the financial system.
But at a news conference on Wednesday to discuss the study’s findings, fund officials charged with gauging financial stability risks worldwide showed no such reluctance.
“The focus of investors has shifted from the level of capital to the business model, and that is why banks are under pressure,” said Peter Dattels, deputy director in the I.M.F.’s capital markets division…
Deutsche Bank Singled Out in I.M.F. Stability Warning
