Deutsche Bank: A Greek Tragedy at a German Institution?
aswathdamodaran.substack.com
This may be a stereotype, but the Germans are a precise people and while that precision often gets in the way of more creative pursuits (like cooking and valuation), it lends itself well to engineering and banking. For decades until the introduction of the Euro and the creation of the European Central Bank, there was no central bank in the world that matched the Bundesbank for solidity and reliability. Thus, investors and regulators around the world, I am sure, are looking at the travails of Deutsche Bank in the last few weeksand wondering how the world got turned upside down. I am sure that there are quite a few institutions in Greece, Spain, Portugal and Italy who are secretly enjoying watching a German entity be at the center of a market crisis. Talk about schadenfreude!
Deutsche Bank: A Greek Tragedy at a German Institution?
Deutsche Bank: A Greek Tragedy at a German…
Deutsche Bank: A Greek Tragedy at a German Institution?
This may be a stereotype, but the Germans are a precise people and while that precision often gets in the way of more creative pursuits (like cooking and valuation), it lends itself well to engineering and banking. For decades until the introduction of the Euro and the creation of the European Central Bank, there was no central bank in the world that matched the Bundesbank for solidity and reliability. Thus, investors and regulators around the world, I am sure, are looking at the travails of Deutsche Bank in the last few weeksand wondering how the world got turned upside down. I am sure that there are quite a few institutions in Greece, Spain, Portugal and Italy who are secretly enjoying watching a German entity be at the center of a market crisis. Talk about schadenfreude!