For the German government not to take part [in a rescue] could cause the downfall of Schroeder.
This is a takeover, not a merger of equals.
There was a build-up of evidence against [Martini] and clearly they were under heavy pressure to resign. They just threw in the towel.
This gives you an idea of the mentality going on inside this bank.
No-one wanted to take the blame for cutting 7,000 jobs.
Nobody wants to fill what would a very big hole indeed.
There is a bit of a mixed picture. 4Q was definitely good to them, but the costs are definitely disappointing.
Copyright © 2024 Electric Goat Media. All Rights Reserved.