Colin Fan, he of the “I have lost my patience” with you pricks video address, explains: Read more »
As its name indicates, Deutsche Bank is not a Swiss bank. But it does have a Swiss banking unit, for the same reason every other bank has a subsidiary in a country home to fewer people than New York City, which is the reason why said country of eight million people living on top of mountains has exactly one notable industry: banking. Historically speaking, the kind of banking that means you might not have to pay taxes.
Of course, this sort of banking has run into some troubles, recently, not least of all from Deutsche Bank’s home country. And without Angela Merkel’s willingness to throw down á la François Hollande with Barack Obama, and frankly without much risk to itself, the Frankfurters aren’t putting up a fight. Read more »
You get nichts! Read more »
Deutsche Bank has gone back and re-crunched some numbers and found a couple of things about the line of business it is in. For one, it may have, well, let’s say misspoke when it suggested in December that the Goldmans of the world would inherit the banking industry. Seems that may have been at best a touch optimistic and at worst completely wrong. The Germans have also found that investment banking may not be an industry that one wants to inherit at all. Read more »
Forget about what you thought you heard about an IPO. There was no IPO. Read more »
From the front lines: Read more »