Germany’s banks go down with the ship

FEATURES
	The titanic struggles of German banking
	Rates put Germany’s financial ecosystem at risk
IN ADDITION
The challengers become the challenged

The bankruptcy this autumn of one the world’s biggest container companies, Hanjin, comes at the end of a decade of oversupply of ships and low growth in trade. But for banks that might be exposed to Hanjin, especially German banks, the Korean firm’s troubles are just the tip of the iceberg. The big German banks have been hit particularly hard due to their rash pre-crisis dominance of shipping finance and a lack of sufficiently decisive action to get bad assets off their books.