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….