Catch Us if You Can | The Daily Peel | 9/20/21
Silver Banana goes to...
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Ballsy — Deutsche Bank has earned a new title as the ballsiest bank in the history of the world. Fed up with the loss of German bank prestige on the world stage, the firm published a 20-page report, detailing the failures of the nation’s financial regulators to maintain prominence, and outlining changes to be made to remedy this issue. An “almost unprecedented loss of importance” is how the bank describes the situation in their report, but not many people got to see it as the report was pulled a few hours after publishing. To put it in plain English, Deutsche said that German regulators failed to monitor fraud and financial crimes at an appropriate level, which was detrimental to their global image. Only problem is, most of those crimes, at least in dollar amounts, were perpetrated by Deutsche Bank. Yeah, saying “you didn’t catch enough of our crimes and now we’re f*cked” doesn’t sound like a winning strategy.
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"If investing is entertaining, if you're having fun, you're probably not making any money.” – George Soros |
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