David Folkerts-Landau Deutsche Bank’s high-powered executive, declared these days that “while Trump introduces higher uncertainty, this is better than the near certainty of the continuation of a mediocre status quo.”
Folkerts-Landau sees in the next presidential administration a business team that ”move from dogma to pragmatism”, forecasting the US economic growth in 2018 double the 2016.
President Barack Obama pursued Deutsche Bank to pay $7.2 billion penalty for toxic mortgage securities. Besides, Deutsche Bank was crediting Donald Trump $2.5 billion in loans and $1 billion in loan commitments.
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