Wyn Thomas - Axys Investment Management

Weekly Market Update 30th September 2016

DEUTSCHE BANK LEADS GLOBAL MARKETS LOWER

Stock markets around the world have reacted with fear and trepidation to the ongoing financial misery at Germany’s largest lender. Shares in Deutsche

plunged to below €10 this morning, which are at 33-year lows. Much of the attention on the health of European banks has ironically been triggered

overseas, with the US Department of Justice seeking a pre-election settlement of $14bn from Deutsche over claims of mis-selling of mortgage

securities in the run-up to the 2008 financial crisis. It is believed that Deutsche has insufficient funds to take on these liabilities, but the problem for

European banks is more widespread than this. Read More….