Posted by SandnSea
Ours will follow suit, making the RV a no brainer. IMO
WARNING: Deutsche Bank collapse could BURY EU as stocks plunge FURTHER in day two CARNAGE
Deutsche's position is looking more fragile, experts have warned
THE eurozone's entire banking system could implode, dragging the euro down with it, if Angela Merkel's government allowed Deutsche Bank to fail, experts have warned, as the bank's share price hit new lows in this morning's trading.
By LANA CLEMENTS
PUBLISHED: 11:15, Tue, Sep 27, 2016UPDATED: 12:08, Tue, Sep 27, 2016
From The British Paper US Mail FTSE companies saw £23billion wiped off their value as investors sold fast The bank has had its value halved in a year due to low interest rates Deutsche is linked with other banks and a European collapse could follow It lost £5.9billion last year, and a US arm failed a Federal Reserve test Deutsche Bank shares have fallen even further this morning amid mounting fears for the future of Germany's top bank. Companies in the FTSE 100 index saw £23billion wiped off their value yesterday as investors dumped financial stocks.
The sell-off was triggered by reports that German Chancellor Angela Merkel had ruled out a government rescue of troubled lender Deutsche Bank. The bank has lost more than half its value in the past year as it struggles to cope with low interest rates and sluggish growth.
Deutsche Bank shares fell another 7.5 per cent to a record low yesterday, dragging other finance stocks down with it. They had fallen to €10.25 this morning amid warnings that a dip below €10 per share would take the bank into the realm of a risky investment.
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