Deutsche Bank, which once had pretensions to be Europe’s contender on the global investment banking stage, is now worth just 17 billion euros ($18 billion). When the biggest bank in Europe’s biggest economy, with annual revenue of about 37 billion euros, is worth about the same as Snapchat — a messaging app that generated just $59 million of revenue last year — you know something’s wrong.
I might take out the word “wrong” there, but otherwise I liked the passage very much. How about “…you know something is up”?
That is from Mark Gilbert at Bloomberg View.