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This article was written by Lucas Hell, a student at the Frankfurt School of Finance & Management. He has worked in development finance and asset management and is currently working in restructuring. His interests concern fintech, environmental finance and microfinance.
Last week saw rumors that Deutsche Bank might need a state bailout after the DOJ’s threat of a $14 billion penalty.
The allegations over residential mortgage-backed securities (RMBS) date back as far as 2005. The fine however was seen by many political analysts as a first step in more intricate negotiations to follow. Deutsche Bank is likely to see its prospective payment reduced ... (read more)