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Anthony Pompliano of Morgan Creek Digital purposes Deutsche Bank takeover

Anthony Pompliano of Morgan Creek Digital purposes Deutsche Bank takeover

Morgan Creek Digital Asset’s Co-Founder & Partner Anthony Pompliano in his recent tweet made a startling statement regarding Deutsche Bank and claimed that the bank could be given a new life by buying it and then reviving it by accepting digital currencies. Reportedly, Deutsche Bank’s value is a little over fourteen billion dollars ($14billion) with a falling stock price.

The German multinational investment bank and financial services company, Deutsche Bank is yet again trying to clear up its name. Back in January 2017, the bank agreed to pay a little over seven billion dollars ($7.2billon) to U.S Department of Justice as a settlement for being involved in the toxic-mortgage securities and for its contribution in the 2008’s global finical meltdown.

Furthermore, in November 2018, Deutsche Bank’s offices were raided by the German officials concerning the involvement of various European banks in money-laundering operation. In an attempt to cover up the latest allegations, Deutsche bank stated that a bug was found in the software that is used by the bank to detect money-laundering. Moreover, a little over twelve billion dollars have been paid by the bank as penalties since 2000.

Anthony Pompliano, the co-founder of Morgan Creek Digital, supports the Blockchain startups revolution and with his investment firm; is seeking to unlock the financial system to drive the circulation and adoption of cryptocurrencies. 

Ahmad Asghar

Ahmad Asghar

A first generation gamer at heart and tech buff by nature, have been involved in the tech sector for better part of a decade. With that insight and knowledge, he now covers blockchain, cryptocurrency and everything fintech so others can make sense of the industry.

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