“Deutsche Bank Poses The Greatest Risk to The Global Financial System”: IMF
http://www.zerohedge.com/news/2016-06-29/imf-deutsche-bank-poses-greatest-risk-global-financial-system
The IMF concluded that Germany needs to urgently examine whether its bank resolution, i.e., liquidation, plans are operable, including a timely valuation of assets to be transferred, continued access to financial market infrastructures, and whether authorities can ensure control over a bank if resolution actions take a few days, if needed, by imposing a moratorium:
Oh well, this was June 30, 2016......
“if resolution actions take a few days”
Yeah, the failure of the largest bank in the 4th largest economy in the world...that’s always a walk in the park.
Merkel must be doing some Hillary-strength drugs. Commerzbank (also in the news these days...http://www.bbc.com/news/business-37505900), Germany’s second largest bank, is only 1/3 the size of DB.