Nothing says 'Happy Father’s Day' to the men and women who work at Deutsche Bank in the U.S. like finding out that they or their loved ones might soon be out of a job
Deutsche is a German word, but the bank is very interconnected to American financial institutions.
Nothing says ‘Happy Father’s Day’ to the men and women who work at Deutsche Bank in the U.S. like finding out today that they or their loved ones might soon be out of a job. According to the“Deutsche’s equity and rates trading businesses outside continental Europe will be severely shrunk or closed entirely as part of the revamp.” Because Deutsche Bank is a significant derivatives and securities trader in the U.S., this shrinkage or closure will hurt U.S.
has eight material legal entities in the US, comprised of banks, investment advisory firms and broker-dealers, which, when combined make it larger than many US regional banks. Not only might U.S. Detusche Bank employees be hurt, any financial institution that is a counterparty to Deutsche Bank should immediately figure out what will happen to existing lending, foreign exchange, and derivatives transactions that it has with the bank. No time like the present for U.S. bank regulators to ask banks here whether they know what their credit and market risk exposures are to Detusche Bank.
What I find truly incredible is that Deutsche Bank has been allowed to operate in the U.S. as long as it has. Deutsche Bank’s Board of Directors and senior executives have allowed the bank to be engulfed in numerous
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