20181216-Deutsche Bank to become a Super Bank
Money GPS (Deutsche Bank to become a Super Bank!):
The German government is intensifying efforts to help fix Deutsche Bank AG, with officials studying ways to make it easier to merge with Commerzbank AG, people familiar with the matter said.
The high-level discussions -- which have included Finance Minister Olaf Scholz and Deutsche Bank Chief Executive Officer Christian Sewing-- are looking at concrete ways the government can assist in a potential combination of the country’s two largest lenders, said the people, asking not to be identified discussing the private deliberations. The talks include potentially changing existing laws to make the steps necessary for a merger less costly, they said.
Wendy: Dick Allguire (see my 12.3.18 blog) not long ago was talking about they (I assumed the Elite) will not let Deutsche Bank fail ! They are going to make it a super bank and eventually become a crypto bank. Well, it looks like that is what the government top officials are trying to do - merging the two biggest failed banks in Germany into a Super Corrupted Bank. This shows that if the Elite doesn’t want a bank or company to fail they will do anything including changing the law to make it alive. Normal math 、measurements 、and business practices just DO NOT apply to THEIR institution!
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