Deutsche Bank has been scrambling to reassure investors it has enough cash to pay a multibillion-dollar fine for alleged wrongdoing a decade ago as its shares crumbled to new lows and knocked sentiment across the banking sector. The shares have more than halved this year on mounting concerns about its financial position. They have dropped to a level not seen since the mid-1980s and are at a record low, according to some calculation methods. The $14bn Deutsche Bank fine – all you need to know Read moreDeutsche’s shares have been under pressure since early this year when the bank became the focal point of fears over European banking’s financial strength and profitability. In June, the International Monetary Fund said Deutsche was a bigger risk to the global financial system than any other bank because of its intertwined relationships with other international lenders.

Source: The Guardian September 26, 2016 10:30 UTC