Josh Sigurdson talks with Tim Picciott of The Liberty Advisor about the fall of Deutsche Bank once again as new news comes in regarding the bank offloading 47 billion Euros of assets to Goldman Sachs.
This follows mass layoffs at the bank and a failed attempt to merge with Commerzbank as the bank attempts to restructure and even create a “bad bank” after years of their share price crashing.
The problems facing Deutsche Bank seem to pile up further by the day and what’s worth pointing out is that banks around the world are bankrupt and the economies of the world never truly recovered from 2008’s recession, they were just papered over left to collapse another day. Deutsche Bank appears to be a major player when it comes to the collapsing dominoes of global financial power.
The bank is caught up in an absurd level of derivatives and many are wondering just how much longer it can sustain the problems it created for itself.
Stay tuned as we continue to cover the latest news regarding Deutsche Bank!