- Title: Manure and a broken arm: Activist priest's 30-year tangle with Deutsche Bank
- Date: 9th March 2020
- Summary: FRANKFURT, GERMANY (FILE - JUNE 4, 1998) (ORIGINALLY 4:3) (REUTERS) PROTESTERS OUTSIDE DEUTSCHE BANK WITH SAME PLACARD READING "OUR ECONOMIC SYSTEM STOPS AT NOTHING" GARBAGE LYING ON SIDEWALK OUTSIDE BANK (SOUNDBITE) (German) PROTESTER AGAINST DEUTSCHE BANK, GREGOR BOECKERMANN, SAYING: "To us, Deutsche Bank is a symbol for our capitalist economic system. The bosses sitting up there have more power than the politicians in Bonn (then seat of German government). That's why we are here, saying 'how do you deal with money and does it not produce more and more garbage and does it not demand more and more victims, also in our country?" MEN IN SUITS LOOKING OUT OF DEUTSCHE BANK WINDOW FRANKFURT, GERMANY (FILE - MAY 19, 2016) (REUTERS) VARIOUS OF BOECKERMANN THROWING PENNIES ONTO GROUND
- Keywords: capitalism deutsche bank gregor boekermann losses priest protester share price
- Reuters ID: LVA002C4BY45P
- Location: FRANKFURT, GERMANY
- City: FRANKFURT, GERMANY
- Country: Germany
- Duration: 00:01:09
- Aspect Ratio: 16:9
- Topics: Company News Markets,Economic Events
- Story Text: In the last three decades, Deutsche Bank has expanded and shrunk its global footprint, made and lost billions, and its shares have soared and sunk. But there has been one constant: A priest-turned-activist's determined mission against the bank.
Since 1990, on the first Thursday of every month, Gregor Boeckermann and about a dozen others have gathered at Deutsche's Frankfurt headquarters to protest free-wheeling capitalism he says the bank represents.
He is still at it 30 years later.
Boeckermann, 79, personifies the poor public perception of Germany's largest lender, which is desperate to reverse its flagging fortunes as it marks 150 years in March.
He has over the decades chained himself with others to block Deutsche Bank's parking and spilt liquid manure at its main entrance. A security guard once tackled him, and his arm broke.
The scene was more muted at this month's protest on Thursday. Sporting a furry trapper hat, Boeckermann stood under a rainbow umbrella and "peace" flag as fellow protesters beat drums.
He said Deutsche was the "ideal symbol" for the capitalism he disdains for sustaining what he considers an unfair economic system which keeps wealth concentrated among a few elites while the poor get poorer. "But you almost have to feel sorry for Deutsche Bank these days," he told Reuters.
According to Boeckermann, the bank's share price dropped from 100 euros to 7 euros. That was last week.
On Monday (March 9), Deutsche shares traded for 5.95 euros, down 12.1% as impact from the coronavirus hit stock markets worldwide.
(Production: Andreas Buerger, Tilman Blasshofer, Michele Sani)
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