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Europe’s weakest bank?

Many do believe that another banking crisis is just around the corner and whilst it is very unlikely to be on the scale of 2008 there are definite signs of weakness across the continent with Italy being particularly in focus at the present time.

Therefore you may believe that the title of europe’s most at risk would be granted to an Italian bank and if not Italy, then most certainly Spain, Greece or Portugal.

Not true. In all probability the present “worst ” bank in europe is Deutsche Bank

That will be a surprise to many but this is not exactly news given that the weakness was strongly highlighted in the economists John Kay’s excellent book Other Peoples Money (which I will review here soon)

 

 

 

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