Banks ponder the meaning of life as Deutsche agonises

Banks ponder the meaning of life as Deutsche agonises
 

It wasn't just Deutsche Bank that was grappling with big questions about the future at the International Monetary Fund meetings in Washington last week.
The German bank is scrambling to overhaul its operations as it faces a multi-billion dollar fine for selling toxic mortgage-backed securities in the United States.
But many others in the banking industry are also still figuring out what they should be doing, nearly a decade after the financial crisis, as they grapple with anemic economic growth, wafer-thin returns on lending and the possibility that regulators will further hike their cost... read more

 
9 October 2016 in Business, Views: 61
Source: Reuters
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