(The Business Insider) Deutsche Bank is going through a crisis, facing a $14 billion fine from US authorities, hedge funds are putting short bets on its stock, and the bank announced further layoffs.Some commenters have been comparing Deutsche’s issues to the fall of investment bank Lehman Brothers, which filed for bankruptcy in 2008.<\/p>\n
Raoul Pal, a macro investor & CEO of financial media company Real Vision, and who previously managed money for GLG Partners, one of the world’s biggest hedge fund groups, doesn’t think it’s quite that bad. Rather, the Deutsche Bank example speaks to larger issues in the financial industry.<\/p>\n
The ownership of these banks is going to change from private hands to state hands, in one way, shape, or form. And basically, it’s the nationalization of the banking system, which is the end of the Trail of Definancialization of the global economy that we’re seeing.<\/p>\n