Worries about the fragile state of the largest lender in both Germany and Europe, Deutsche Bank AG, dominated the unofficial agenda when bankers and finance officials from all parts of the world came to the annual meetings of International Monetary Fund, the World Bank, and the Institute of International Finance in Washington this October. At the time, the headlines in the … [Read more...] about Deutsche Bank Robbery
IMF
The Unthinkable as the New Normal
On June 28, 2015, the oldest international financial institution, the Basel-based eighty-five-year-old Bank for International Settlements, asked in its annual report a most pertinent question: “Is the unthinkable becoming routine?” The report pointed out that low interest rates “are the most remarkable symptom of a broader malaise in the global economy: the economic expansion … [Read more...] about The Unthinkable as the New Normal