NOTHING TO SEE HERE, MOVE ALONG: European banking’s slow-motion crisis is picking up speed — and …

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NOTHING TO SEE HERE, MOVE ALONG: European banking’s slow-motion crisis is picking up speed — and it’s all a lot simpler and scarier than you think. 

“You know it’s bad when the finance minister of Germany has to publicly state he has ‘no concerns’ about his country’s biggest lender –Deutsche Bank – as Wolfgang Schauble did on Tuesday while bank shares plummeted. 
It’s been brewing for a while. 
The business models available to European banks, the methods by which they make money on a consistent basis, are disappearing fast and investors are taking flight.”