The Story of the Self Destruction of Deutsche Bank

The Deutsche Bank Downfall

How a Pillar of German Banking Lost Its Way

For most of its 146 years, Deutsche Bank was the embodiment of German values: reliable and safe. Now, the once-proud institution is facing the abyss. SPIEGEL tells the story of how Deutsche’s 1990s rush to join the world banking elite paved the way for its own downfall.

By Ullrich Fichtner, Hauke Goos and Martin Hesse


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