Hole cards

8 Aug 2008 By Jeffrey Goldfarb

Two huge US loans have gone bad for the German bank. It looks set to emerge quickly from the Macklowe mess in Manhattan. A Las Vegas development may yet pay off, although Deutsche could get stuck holding a bad hand. Worse, its ability to read borrowers and risk looks weak.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)