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Banking

Germany’s banks go down with the ship

The shortcomings of German banking have steered it into a shipping crisis on a scale that is only now being appreciated. Shipping loans are already pulling some of the state-owned wholesale banks under water, making previous failures to properly remodel the sector even more obvious.

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FEATURES

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The titanic struggles of German banking

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Rates put Germany’s financial ecosystem at risk

 

IN ADDITION



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.




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