Germany’s Banking Problem Is Bigger Than Deutsche Bank - News Summed Up

Germany’s Banking Problem Is Bigger Than Deutsche Bank


FRANKFURT—Germany may be Europe’s economic and political powerhouse, but you wouldn’t know it from its banks. Deutsche Bank AG, Germany’s largest lender, is struggling with a litany of problems. It faces a multibillion-dollar settlement with the U.S. Justice Department over the bank’s selling of mortgage products before the financial crisis. It has a long list of regulatory troubles and its share price is at multidecade lows.


Source: Wall Street Journal October 12, 2016 09:22 UTC



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