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Deutsche Bank Instability May Impact IT Sector

Germany Deutsche bank is one of the most advanced technology dependent bank with operations in most the countries.

Bank is staring at potential $14 bn fine related to toxic mortgage selling in and around 2006 to 2008 periods.

Deutsche bank invests heavily in IT segment and dependent on its automated real time systems to run operations seamlessly across different geography.

Any instability may lead to a situation wherein bank will freeze or cut IT spending may impact IT companies especially Indian revenue as well as loss of thousands of jobs.

It is expected that they may get rid of the situation at much lower fine as USA justice department will not want any instability in financial and labour market.                
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About Devendra Prasad

20 years plus industry veteran of domestic and international ICT domain with the expertise in Business, Technology, Strategy and Analysis. Specializes in forecasting impact analysis, trends and recommendations for Investments, Technology and Regulations.
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