Even in Germany, where regulations are really strict compared to the United States.

http://news.bbc.co.uk/2/hi/business/8171734.stm

And more on Germany, Germany did not experience a credit crunch yet, but it doesn’t mean that it is not coming.  Shrinking exports and downgraded lender firms may cause a problem in the second half of the year.

http://www.economist.com/businessfinance/displaystory.cfm?story_id=14094137

Let’s see how Deutsche Bank performs under these conditions, later this year.

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