Deutsche Bank lows and woes fuel existential fears - News Summed Up

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Deutsche Bank lows and woes fuel existential fears


"There are very real concerns on the financial markets about the bank. On Wednesday, it was the head of foreign exchange and emerging market debt trading, Ahmet Arinc, according to a number of media reports. And it's also got huge exposures on the derivatives markets. It's got a lot of problems. "Deutsche Bank, which has total assets of more than 1.6 trillion euros ($1.8 trillion) and a workforce of 100,000, "appears to be the most important net contributor to systemic risks in the global banking system, followed by HSBC and Credit Suisse," the IMF wrote in a study in June.The US Federal Reserve last week revealed that Deutsche's US arm failed two sets of stress tests in a row.


Source: Economic Times July 10, 2016 04:20 UTC



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