Said above all by banks that promise shareholders returns that – in view of the economic facts and in view of the profits achieved to date by the institution or the industry – are unrealistic and therefore ultimately dishonorable. – If the media then frequently demanded that the supervisory authority or the central bank reprimand such dishonest promises publicly or in letters to the respective bank executives, this demand is based on a misunderstanding of the powers of the authorities addressed. In principle, these authorities are not supervisory bodies over the selected corporate policy of bank boards of directors. – See winding-up order, instruction, banking license, force majeure, daimonion, gold deception, avenging angel, forced closure.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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