by BoatSurfer600
Volume drop at US ports is the start of a much steeper decline.
DEUTSCHE Bank Warns of Peril, Borrowing from U.S. Banks
FRANKFURT (Reuters) – Germany’s Deutsche Bank (ETR:DBKGn) has a stark warning to European companies borrowing from U.S. lenders: They will drop you when times get tough.
The caution, spelled out in an interview with Deutsche Bank board member Fabrizio Campelli, is the latest escalation in a battle with U.S. banks for the business of European firms on its home turf.
It comes at a time that the corporate banking unit of Germany’s largest lender is seeing a resurgence in the home stretch of an extensive restructuring.
“A number of European corporates are already realising the risks of not operating with companies that are long-term committed to the geographies … in which they operate,” he said, without citing any examples.
Credit Suisse Estimates $1.6B Loss After $88.3B Withdrawn in Bank Run