http://sputniknews.com/business/20160718...blems.html
"
In June, the International Monetary Fund (IMF) labelled Deutsche Bank as the most risky global financial institution. Experts do not believe the bank will suffer the same destiny as Lehman Brothers. But if it does this would be a global financial catastrophe.
[...]
A Domino Effect
The German financial sector plays a key role in the global economy. According to the IMF, the German asset management market is the third-largest in Europe. Germany’s sovereign bond market is a safe haven for investors.
There are 2 of the 30 global systemically important banks in Germany, Deutsche Bank and Allianz SE, according to a report by the Financial Stability Board.
Germany also has one of the world’s largest derivative exchanges, Eurex Exchange, as well as a multitude of smaller bank and financial companies.
According to the IMF, in Germany, Deutsche Bank is linked with other publicly traded banks and insurance companies and could be a source of their financial contagion.
If the situation in the German financial system deteriorates it is very likely to trigger a chain reaction and a global banking crisis. However, the possible aftermath for the global banking system is expected to be more serious than for German banks, the IMF warned.
"In particular, Germany, France, the UK and the US have the highest degree of outward spillovers as measured by the average percentage of capital loss of other banking systems due to banking sector shock in the source country," the report read.
"
Idiot bankers didn't learn their lesson in 2008... maybe they will in 2017... somehow, I doubt it...
"
In June, the International Monetary Fund (IMF) labelled Deutsche Bank as the most risky global financial institution. Experts do not believe the bank will suffer the same destiny as Lehman Brothers. But if it does this would be a global financial catastrophe.
[...]
A Domino Effect
The German financial sector plays a key role in the global economy. According to the IMF, the German asset management market is the third-largest in Europe. Germany’s sovereign bond market is a safe haven for investors.
There are 2 of the 30 global systemically important banks in Germany, Deutsche Bank and Allianz SE, according to a report by the Financial Stability Board.
Germany also has one of the world’s largest derivative exchanges, Eurex Exchange, as well as a multitude of smaller bank and financial companies.
According to the IMF, in Germany, Deutsche Bank is linked with other publicly traded banks and insurance companies and could be a source of their financial contagion.
If the situation in the German financial system deteriorates it is very likely to trigger a chain reaction and a global banking crisis. However, the possible aftermath for the global banking system is expected to be more serious than for German banks, the IMF warned.
"In particular, Germany, France, the UK and the US have the highest degree of outward spillovers as measured by the average percentage of capital loss of other banking systems due to banking sector shock in the source country," the report read.
"
Idiot bankers didn't learn their lesson in 2008... maybe they will in 2017... somehow, I doubt it...
