The fact is that Deutsche Bank has few real strengths and no clear competitive advantage in any division. Radical new vision or no, I can’t see a future for it as an independent business. And there is no possibility of private sector rescue, nor of public sector aid. Management has simply delayed the inevitable, yet again. Eventually, Deutsche Bank will break itself up.
IMF’s ‘Groundhog Day’ thinking means it is still too upbeat about global growth Read here
Ben Gummer, a former UK health secretary, now an Oxford history don, wrote a decade ago about the impact of the fourteenth century Black Death. The pandemic, however dreadful, will soon be forgotten by policymakers. […]
The setbacks for centrist parties in the European elections showed that the EU’s crisis is anything but over. Yet the Left’s lack of strategy and identity has hobbled its ability to provide an alternative. Read […]