A Tamer Casino
The Deutsche Bank, Germany’s biggest bank, is one that speaks with authority as to how things should be done properly. This authority has been fairly earned, as CEO Josef Ackermann, steered this bank through the financial crisis of 2008 in a way that impressed the entire world. This impressive performance was largely influenced by how the Deutsche blurs the distinctions between casino banking and utility banking. And while the crisis only reinforced the positioning on the part of the Deutsche Bank, these spreads are now beginning to shrink as rivals regain their footing. This has left investors pressing Deutsche Bank to reduce its reliance on investment banking, regardless of how stable its executives insist it has become…
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