Tag Archives: Is This The Man Whose Actions Will Destroy The West’s Economic And Fiscal Fabric?

John Ward – Deutsche Bank – Is This The Man Whose Actions Will Destroy The West’s Economic And Fiscal Fabric? – 27 March 2012

The biggest bank in the EU is also one of the most over-leveraged and under-capitalised. The Slog offers a less than flattering portrait of the man at the top of Deutsche Bank.

I remember only too well reading the bullish soundbites of former RBS boss Fred Goodwin in 2008. It is my sad duty to report that the person in banking right now who most resembles the uber-confident crap put out by Goodwin – or ‘badloss’ as wags took to calling him – is Josef Ackermann, the chap in charge of what is now officially Europe’s biggest bank, Deutsche. Continue reading