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May 31, 2024
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Looks like this has to do with the panama papers, a link for those that are curious
https://www.nytimes.com/2016/04/05/world/panama-papers-explainer.html?a….
Honestly probably doesn't mean too much for the bank as a whole. Merkel will not allow the bank to fail , so probably no big penalties for that very reason.
Sad! But still, DB no longer a BB.
DB is rightly downsizing because otherwise the bust is going to leave a crater that turns Germany Nazi again.
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