Folks who bet on the stock market made tons.
Those who bet againt Trump lost their shirts.
Sounds like another Lehman, but I don’t know.
I understand the biggest depositors get their money out weeks ago (surprise, surprise). Probably went into US Treasuries.
Deutschland wieder großartig machen
oh... that didn’t work, maybe banking isn’t their thing
Deutsche Bank has bought heavily into the “green” craze. It has made huge loans to German “green” business and has especially financed the electric vehicle efforts at Tesla, VW, Ford and GM. The problem is that these “green” industries are not profitable, the capital invested is largely dead money and the loans are not being serviced. Deutsche Bank more than others is mired in the green swamp and the EU so far is not rushing to bail it out. Just the beginning of their troubles. The auto industry itself which despite the huge investments simply cannot sell enough electric vehicles in a free market to make a profit. Their immediate future is also not good.