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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