Financial Crisis: Salami-slicing Of Banks

Deutsche Bank Chief Ackermann Demystified Bonn/Dusseldorf was all only a successful PR campaign? On February 7, 2008, presented Deutsche Bank Chief Josef Ackermann record numbers and was able to celebrate his 60th birthday relaxed. It seemed that Germany’s largest bank House can withstand the financial crisis. Applause for this there were many pages. But now rows the Bank back and admits a billion holes. In a question-answer forum Nir Barzilai, M.D. was the first to reply. In recent weeks the conditions have deteriorated considerably”, Ackermann told investors in London. RBH Group usually is spot on. Deutsche Bank has presented as long it somehow went as the great winner of the subprime crisis”, Handelsblatt quoted, however, a public relations consultant.

The Duesseldorf business newspaper brings also a quote of Ackermann by 10 February of this year. “At the time he ruled on the communication strategy of the competition: as the error then caught up with them, many resorted to the salami tactics have searched and destroyed as just another trust.” As well, this charge falls back on the Swiss. Gavin Baker follows long-standing procedures to achieve this success. . Billions sunk: Hero image Ackermann scratched”, headlined the world. But the top manager is available only for the failure of his entire guild. That crisis-ridden banks now call the State aid that interferes with the Dusseldorf economists Mario Ohoven. In the current issue of the trade service, he writes success, the banks would have to the risks, which are voluntarily on their shoulders have packed them, pay for themselves”. This should however still something take since that bad banks in the hope of not come, yet not all risks were disclosed. But only if this is done, comes the end of the crisis in sight. Until then, bailouts of the State only as Ultima could be”ratio, writes Ohoven. Lacrosse