The End of Cash

[Wales-Bales]

Think contagion, counterparties and dominos falling. Their derivatives book's value is similar to the entire world's GDP and 20 times that of Germany, Europe's biggest and most successful economy. The bank dwarfs Lehman Brothers in size and importance. It going down could make 2008 and everything that followed seem like nothing important. That's why Christine Lagarde, the IMF boss, described it as the world's most dangerous bank.

Deutsche Bank fall drags down US stocks

http://www.bbc.co.uk/news/business-37508394


Commerzbank plans to cut 9,600 jobs

http://www.bbc.co.uk/news/business-37505900