Deutsche Bank—-The Great German Zombie

Ten and a half years later, Deutsche Bank just reported that it has shrunk yet again. Total assets, along with its derivatives portfolios, have been falling almost regularly for the past 6 quarters since all that “global turmoil” at the end of 2015 and the beginning of 2016. The bank blames, among other things, that hefty fine it was forced to pay for housing bubble era wrongdoing (so much for risk protocols). The bank’s problems are much deeper than that (no surprise).