Oct
04
The Limits of Deutsche’s Troubles Show Reform Is Working
ByDeutsche Bank’s jitters have revived memories of 2008.
As in that turbulent autumn eight years ago, investor confidence in one of the world’s largest lenders has been shaken. Deutsche’s share price has dropped, and hedge funds are reported to be withdrawing spare cash. The assurances of the chief executive, John Cryan, that the bank has “strong fundamentals” echo the illusory reassurances issued by the bosses of Lehman Brothers and Royal Bank of Scotland before those institutions failed.
Yet despite its many problems, Deutsche is far better equipped to absorb a shock than it was eight years ago. So is the financial system as a whole. This is because of the efforts of bank regulators…
The Limits of Deutsche’s Troubles Show Reform Is Working
