Herro: Proposed Deutsche Bank Fine 'Unrealistic'

The transcript discusses the settlement issues faced by Deutsche Bank and Credit Suisse, highlighting the market's overreaction to potential fines. It compares the current strength of the European banking system to the 2007-2009 financial crisis, noting improved capital positions. The conversation also covers investor behavior, emphasizing the importance of intrinsic value over market perception. Finally, it critiques the excessive fines imposed on banks, arguing they are counterproductive to the global economy.

What is the significance of the capital raised by European banks in the last five years?

Discuss the potential consequences of imposing unrealistic fines on banks like Deutsche Bank.