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A comment on Deutsche Bank becomes first foreign yuan clearing bank in Europe. Parent comment

Re:Deutsche Bank becomes first foreign yuan clearing bank in... by SoftTalker on Thursday August 13, 2026 @02:50PM (#49290339)
Innovator's Dilemma for the US. Any alternatives to fossil fuels impact the big energy companies, who want to preserve their cash cows.
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Re:Deutsche Bank becomes first foreign yuan clearing bank in... by throwaway27727 on Thursday August 13, 2026 @03:35PM (#49290880)
From one of the GP comments, it's about preserving the petrodollar and reserve currency status as a whole. That's a way wider scope than a few companies. P
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Re:Deutsche Bank becomes first foreign yuan clearing bank in... by samrus on Friday August 14, 2026 @09:15AM (#49298264)
Theyre holding on for dear life but its futile i think. Renewables will be the future and they wont have that political leverage attached. Geopolitics is about to become more equitable. Itll be interesting to see what that looks like. Idk if itll more or less peaceful. I'd bet less honestly
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