CEO of IKB Bank claims Deutsche Bank created its nearly insolvency
VideoassistentenMay 12, 2010
It was one of the first banks in Germany to cry for help way before anyone was talking about a financial crisis. Back in 2007, IKB Bank was on the verge of insolvency and had to be bailed out by taxpayers. It's CEO is now on trial for misleading investors about how bad the situation was. He claims Deutsche Bank, Germany's biggest bank, created the disaster by cutting IKB's credit line. As you can imagine, Deutsche Bank says it's hands are clean.