Why Deutsche Bank told customers to stay away from American banks

It’s always fascinating to observe how Americans are perceived by people from other places: depending on the country and the circumstances, common stereotypes range from unhealthy food to ruthless capitalism and being a workaholic.

In the banking world, the reputation isn’t particularly rosy either, but of a system that will lure you in with a better rate and then drop you when the economy turns or you’re no longer needed. That was the charge made by at least one European bank warning customers against borrowing from Americans.

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