Sunday, October 30, 2016

The self destruction of Deutsche Bank

This is a long article, comprising of many parts. I read it to the end. I was struck by the similarity between Deutsche Bank and Singapore Inc.

Deutsche Bank decided in the early 1990s to abandon its roots and solid values and to pursue globalisation. It brought in many new people from outside the bank to transform the culture of the bank. Isn't this what happened to Singapore Inc as well?

It is interesting to read about the disaster that had befallen what was once an icon of success. If you want to learn more, read the entire article for yourself.

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