Banks

Comment: the decline of an Institution

The stock is at a record low and a risk for the global financial system: The once-proud German Bank degenerates to the Lotter download. But there is a glimmer of hope, says Henrik Böhme.

Deutsche Bank is finally back on top: Just unfortunately on the wrong list. It is the financial institution that currently the greatest danger for the world financial system. So, in the current financial stability report, published by the International monetary Fund. This is not surprising, if we look at the current Worries-catalog of the Bank: construction sites as far as the eye can see, the share price on the floor, on the stock exchange, only 17 billion Euro of value – that is not enough time for the Top 100 in the Bank index to the financial Agency Bloomberg.

But, and this is what makes the Deutsche Bank to the problem case for the world financial system: In the books she has around 1.7 trillion euros of assets. This is more than half of German economic output. You don’t want to imagine how it would be if this Bank would eventually collapse and what then everything in the abyss cracks.

No one knows what is coming next

Now, Germany is still the largest money house is since it was almost a year ago, John Cryan. He followed with Anshu Jain, the former crown Prince of Josef Ackermann. Jain was of the Ackermann’s supposed to make dream of the 25-per-cent return true. Jain did as he was told. The Bank is groaning under the consequences until today: 7800 processes in the world. Most of the sets loose control, some for billions and billions. However, some still have a lot of explosive force, which could cost the Bank their existence. The money laundering charges in Russia, for example. Or investigations by the U.S. securities and exchange Commission due to strange processes in the trade with securities, which were collateralized with mortgages. Everything is not really good.

Henrik Böhme, DW-business editorial

John Cryan strives honest. He is, alternately, the Cleaner, the architect. He has replaced the leadership floor is almost complete. He returns to the Contaminated site with an iron broom from the balance sheet and takes a record loss of over six billion euros in the purchase. But success, and I set really. The share price has halved in this year again. The mood among the staff is completely in the basement. And then at the beginning of June failed, the Software: three million accounts were double-listed bookings, ATMs, cash gifts and more, shop with the debit card no longer worked. And what makes the Bank: Talks of a “presentation problem”.

And if You think there is nothing more, a light comes from somewhere

So you see: It’s always worse. There can’t emphasize that John Cryan, he saw the Bank as a takeover candidate. Sure I would look to the regulatory authorities very carefully, and more likely three times. Above all, however, Even if one or the other competitor from the USA or China could afford the German Bankaus of petty cash: no one wants to do that to this place in its present condition. This is currently the only insurance against a Takeover.

And yet a tiny glimmer of hope: If the Brexit is complete, Europe needs a new financial centre. This could well be Frankfurt am Main. Deutsche Bank, strongly in London and Frankfurt, could be a beneficiary. It takes until then, however, three things: money, patience and luck.

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