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Deutsche Bank: how did a beast of the banking world get into this mess?

From theguardian.com

Deutsche Bank is facing questions about whether it can afford a penalty of $14bn (£10.5bn) from the US Department of Justice for mis-selling mortgage bonds a decade ago. Shares in Germany’s biggest bank have sunk to near-30-year lows and are trading just above €10 a share, illustrating investors’ concerns that they will be asked to bolster the institution’s coffers through a cash call. Shareholders are in turn wondering whether the bank should have acted sooner to preserve its financial health and whether the German government will step in to prevent a collapse. How did it come to this? Once a big beast of the ... (full story)

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