![]() ![]() Moreover, there are also reports in the market that some institutional investment funds are pulling out their assets from the bank, which might signal a lack of trust in the success of the reorganization efforts. Additionally it was revealed that Deutsche will cut its investment in information technology by over a billion dollars per year, a move that will hinder it from catching up with competitors or being able to face new challengers in the fintech domain. As was widely reported, the restructuring process of the company will include downsizing about a fifth of its employees around the world, approximately 18,000-20,000 people. Just this month it was announced that Deutsche will undergo a major reorganization in order to stop the bleeding. Now the German bank appears to be struggling again, with some commentators fearing it will not be able to survive. That same year, various financial publications around the world also started warning that Deutsche might be the “next Lehman Brothers,” referring to the investment bank whose collapse is considered to be a major part of starting the 2008 global financial crisis. In fact, the International Monetary Fund called the bank in 2016 “the most important net contributor to systemic risks” to the global financial system. Investors everywhere should note that if such a critical piece of the too-big-to-fail banking system falters, it could trigger another global financial crisis.Īlso Read: Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin Deutsche Bank Struggles to Surviveĭeutsche Bank AG, the largest banking services group in Germany with well over a trillion dollars worth of assets under management, has been a major source of concern for international investors, economists and policy makers for more than two years now. ![]() Mainly due to self-imposed scandals, the bank is now having to taking drastic measures to stay afloat. ![]() German financial services giant Deutsche Bank AG is one of the largest and most important economic institutions in the world. ![]()
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