Deutsche Bank, where do we begin? Once upon a time, it was seen as one of Europe’s strongest bank. But the German bank has been plagued by a series of contravertial issues. If we take a look at the bank’s stock price over time, we can observe that after recovering from the financial crisis in 2008, the company lost almost 75% of its market value. And today we will explore some of the reasons for that decline. Source: The New York Times Deutsche has paid 18 billion dollars in fines this decade, with more than 10 billion dollars occurring in the last five years. In 2015, it was fined 2.5 billion dollars by US and UK regulators for its role in rigging the Libor scandal. Moreover, in that same year, it was further fined 258 million dollars for violating US sanctions against Iran and Syria. In 2008, Deutsche was among the leaders in mortgage backed securities. Not only was it selling toxic investments but it was also betting against the products it sold. However, it
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Finance | Politics | Foreign Affairs