Brian Moynihan Would Like Some Of That German Bank Name Confusion Please

Deutsche Bank would be even more screwed if people weren’t so literal, and that's not fair.

It's just not fair.

Somewhere, a ruddy-faced Irishman running another nationally-named bank is wondering, “Why doesn’t this kind of thing ever happen to me?”

“It’s not Deutsche Bank’s wish, but you could almost say that because of our name, a large part of the capital market thinks we’re the Bundesbank,” Krause said during a panel discussion in Dusseldorf, Germany, on Wednesday. “Global refinancing markets always offered Deutsche Bank good conditions because in the heads of the people there was always an implicit state guarantee.”

Deutsche Bank Mistaken for Bundesbank Saves Funding Costs [Bloomberg]
Earlier: Layoffs Watch ’15: Deutsche Bank Crunched the Numbers and Decided It Doesn’t Need 23,000 of You