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Any private financial institution, no matter how “strong”, can be undone by asinine fiscal policies initiated through bureaucratic/political incompetence. The private sector unfortunately needs to navigate/react through decisions made by politicians/public policies. The bill is due after decades of collectivists-Statists policies.

The strange thing about Deutch Bank’s situation, is that it seems to be caused by massive fines which are being imposed - billions of dollars for involvement in mortgage products in 2006-2007, and more recently in financial transactions which may have evaded sanctions over the Ukraine situation.

There must be some reason why the powers that be are going after DB in this manner. Other banking houses can get away with almost anything.

Any private financial institution, no matter how “strong”, can be undone by asinine fiscal policies initiated through bureaucratic/political incompetence. The private sector unfortunately needs to navigate/react through decisions made by politicians/public policies. The bill is due after decades of collectivists-Statists policies.

No doubt.
FYI: Deutsche Bank has banks HERE in the USA...and it's global.
There WOULD be incompetence there as it is everywhere in the world to some extent. But, perhaps the German government is doing something that we don't know about, perhaps trying to wiggle out of taking in any more refugees.

Hard to imagine that the German government isn't in on this in some way. Who knows.
I sure don't put my trust in what OUR administration might say about it. And I haven't believed the media 100% in a long, long time....MOSTLY because we almost never get the whole story on anything.

Media manipulate us into believing what they want us to believe. Hmmm, do I sound bitter?