Last week the International Momentary Fund signaled out Deutsche Bank as the most dangerous bank in the world. In banking danger stems from business, size and linkage. All three are a problem for the firm, the German and the European economy.

Too big to fail

First of all, it is too big to fail. In February the executive Director of the Bank, John Cryan, was assuring Bank employees that the bank is “rock solid” and the German Finance Minister, Schaeuble, was saying that “I have no concerns ...

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