I did not realize the CEO of Deutsche Bank said the same but I opined yesterday to a friend everything in banking is a confidence game. Even the strongest bank cannot survive very long if confidence starts to erode and counter-parties shun the institution, deposits are withdrawals etc. I am not even close to an expert on banking and I doubt many who opine are especially on giant opaque institutions like Deutsche Bank AG (NYSE:DB) either.
People scream trillions of derivatives without any analysis needed to discuss them. However, since the DOJ started its dumb crusade against DB the institution and now Commerzbank have lost the faith of many large customers whether it is justified or not ande by the...
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