Wednesday, August 9, 2017
Deutsche Bank: Another Lehman Brothers Scenario
If there is any financial icon no current financial institution wants to serve as a comparative icon, it is the infamous Lehman Brothers. The subject of many case studies and review, Lehman collapsed in a September 15, 2008, $639 billion bankruptcy. Because it was both a cause of and victim of the 2008 global financial meltdown, any reference to Lehman is meant to be a bellwether of pending financial doom. A recent IMF report identified Germany’s Deutsche Bank as the most immediate and significant symbol of systemic economic risk. 2 This claim quickly brought references to the Lehman collapse from financial experts, and it raised a number of pointed questions.
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