Comment by zer00eyz
6 hours ago
Deutsche banks slogan should be "If you need to do something shady call Deutsche".
At some point china will loose the ability to keep its global currency (Yuan, should be inflating) decoupled from the domestic one (Renminbi is deflating). They have been keeping long running issues in Banking, and Relestate at bay but a global recession (and were on the cusp it seems) is going to be brutal to china.
I suspect that if (when?) that hits this will turn into another Deutsche scandal.
You are getting down voted, but folks really need to look at DB extremely shady history.
Read the list for yourselves: https://en.wikipedia.org/wiki/Deutsche_Bank#Controversies
I pointed out the actual issue at hand for china with its currency - and that implies why DB would be a solid choice for them to use that bank.
The thread devolving into a debate about "reserve currency" is - to be blunt - deeply misinformed. Chinas bond liability and the currency its priced in is the ultimate contra indicator into how its going to handle the coming storm.