The write-offs published in DB's
results show that despite all the market-leading positions the Bank may have in certain business segments the size of the company makes it inevitable that some major air pockets are hit in various parts of the far-flung empire. This is a problem that all banking behemoths face. Add the incentives to make more profits every quarter (and a corresponding bonus) and you have nearly guaranteed that some transactions will lead to losses. So it is problematic when an institution such as
Deutsche Bank finds it necessary to put
Paul Achleitner into the role of chairman of the supervisory board after he has managed to display less than excellent flair for managing the finances and investments of
Allianz AG. Do I need to mention
Dresdner Bank to anyone?
No comments:
Post a Comment