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.
The hunt for Toys R Us’ missing millions: Investigators probe a £580m loan moved to a tax haven just months before the store went bust
As usual, in the end we shall discover that this was “completely legal” and the pension fund will be left with a massive deficit. Read here
Liberal Democracy marches on in its attempt to stop a popular resurgence against neo-liberalism. Read here