Enrich: Deutsche Bank’s Future & the Future of Big Banks Everywhere
Enrich breaks down Deutsche Bank’s effort to save itself – from the aborted merger with Commerzbank, Germany’s second largest bank, to its current effort to consolidate business lines, pass off bad assets, and trim its workforce. He details the conundrum that Deutsche faces with the problem assets on their balance sheet whereby the liquidation of those assets will leave the bank with a massive financial loss. On top of that, there is a question as to the viability of Deutsche Bank’s business model as a whole. Finally, Enrich considers the impact that the last 30 years have had on the bank’s ability to overhaul its culture, incentive systems, and undo three decades of damage wrought by those flawed systems.
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