How To Guide For: A Look At Whether Deutsche Bank Will Be The Next Lehman Brothers
- Safi Bello
- Oct 2, 2016
- 1 min read
How do we avoid and prevent another Lehman Brothers from happening. There are several reports hinting at the possibility that Deutsche Bank could be the next Lehman Brothers based on plunging shares. The new Chief Executive of Deutsche Bank John Cryan announced there would be a massive restructuring to be completed by 2020, cutting around 9,000 jobs worldwide and 200 branches in Germany. John Cryan issued a letter to all the employees at Deutsche Bank reassuring them that they are working for a strong bank. According to a report by the International Monetary Fund (IMF) conducted in June 2016 Deutsche Bank is identified as "the most important net contributor to systemic risks in the global banking system,". Cryan reinforcing confidence in Deutsche Bank is exactly what the bank needs to turn things around. Right now it's all speculation as to whether Deutsche Bank will be the next Lehman Brothers. To get more in depth information about whether Deutsche Bank will be the next Lehman Brothers ------ click on the pictures below to read the articles.
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