Deutsche Bank Troubles Raise Fear of Global Shock
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Deutsche Bank is a classic example of the species of financial animal known as Too Big To Fail.CreditKrisztian Bocsi/Bloomberg
LONDON — Germany’s largest bank appears in danger, sending stock markets worldwide on a wild ride. Yet the biggest source of worry is less about its finances than a vast tangle of unknowns — not least, whether Europe can muster the will to mount a rescue in the event of an emergency.
In short, fears that Europe lacks the cohesion to avoid a financial crisis may be enhancing the threat of one.
The immediate source of alarm is the health of Deutsche Bank, whose vast and sprawling operations are entangled with the fates of investment houses from Tokyo to London to New York…
Deutsche Bank Troubles Raise Fear of Global Shock
