What Should Be Done With A German Zombie Bank? (No, Not Deutsche!)

I know we all ignore rating agencies these days, but I couldn’t resist this. As part of its general review of bank credit ratings in the light of reduced sovereign support, Fitch has downgraded all the German Landesbanken. And it says some pretty damning things about them. They really are a ropy bunch. The only sound one among them is LBBW. The rest are undercapitalised, inefficient, infested with non-performing loans and risky exposures, and poorly profitable.

from Forbes – Business http://ift.tt/1diPnDT
via Abogado Aly Business Consulting


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s