A cunning plan for Saudi & Deutsche Bank
October 02, 2016 | Updated at September 27, 2017
Markets are starting to feel post-traumatic stress once more as the looming DoJ fine of up to $14bn weighs on the share price and perceived credit-worthiness of Deutsche Bank.
Some hedge funds are winding down exposures and risk departments are scratching their heads to figure out if this is another Bear Stearns, Lehman or a different beast entirely.
The curious element here is that as opposed to being in our normal framework of the returns of a private company being determined by the Governance Regime and policies of its home country, Germany, the fate of the equity of Deutsche Ba...