Moody’s Warns That Deutsche Bank Balance Sheet Cleanup Is Just Getting Started

A few years ago there was fear that Deutsche Bank could collapse taking Germany and the rest of the global economy with it. Since then, Deutsche has made some strides to shore up its balance sheet, but is it enough? Then in 2017, Chinese conglomerate HNA Group threw its weight behind struggling Deutsche Bank acquiring a 9.9% stake in one of Europe’s most important banks. This support came at an excellent time for Deutsche. The bank was reeling from substantial losses in 2015 and 2016 and had just completed a massive €8 billion fundraise to bolster its balance sheet–the third…