Relevant:
- Deutsche Bank Hid $12 Billion In Losses To Avoid Bailout: Report
- German Companies Consider Backing Deutsche Bank: Report
- Deutsche Bank's Internal Libor Investigation Finds Deutsche Bank Mostly Innocent
- Citigroup Says Ex-Employee Told Deutsche Bank Secrets
- Deutsche Bank Said to Weigh Share Sale of Up to $11.4 Billion
2012-12-11 — retheauditors.com
``The bank may have avoided a bailout by the German government but, as information later obtained by Bloomberg and a team led by Phil Kuntz revealed, hundreds of banks, including Deutsche Bank, borrowed billions from the US Federal Reserve and various programs during this period.
The argument pushed by some columnists, and the bank itself, is that "all's well that ends well" and the end justifies the means. Deutsche Bank survived without a German bailout and that's a good thing. The global financial system was saved and investor confidence was maintained.''
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