Well, DB is basically an arm of the German government. This is why it gets to be horribly unprofitable, do illegal sh#t, and still chug along. Everyone knows the German government will never let DB fail. A country the size of Germany with its deep markets, you'd expect there to be a few domestic banks with international aspirations and systemic importance. But there's only one: DB. |
Apparently TD, Bank of Montreal and Scotia Bank tried to corner the Poutine and beer markets and their bets have failed spectacularly.
Get your money out now! |
That is because the local government controlled savings banks, the Sparkassen, have a stranglehold on the German retail and small business banking sector. DB bought Postbank to get a slice of Germany's retail deposits to fund its broader international business, but the effort has struggled as it is very hard to compete against the Sparkassen in the German retail space. |
Dang you, now I want fries and poutine. Anywhere have that in DMV?? |
Well, it's not "fries and poutine"...fries with gravy and cheese curds in poutine. I actually think the poutine in this article looks much better than the traditional Canadian poutine. https://dc.eater.com/maps/best-poutine-dc |
He is drunk. Calm down. |