Saturday, January 20, 2018

Deutsche Bank: the beginning of the collapse of the European banking system?

Deutsche Bank: the beginning of the collapse of the European banking system?

Shares of Deutsche Bank this week renewed its historical minimum of its value because of fears that a major German bank will have to pay $ 14 billion to the US authorities for fraud with mortgage securities before the financial crisis of 2008.

Against this background, the market began to talk about the fact that the German banking giant may need government support. However, the German government has denied reports that it is developing a plan for the salvation of Deutsche Bank in the event that Germany's largest lender will not be able to raise capital for the settlement of claims in the United States.

Shares of Deutsche Bank fell by almost 60% this year amid concerns about weakening the lender's financial condition.

Analysts warn that the problem of Deutsche may affect other eminent banks in France, Italy and Spain, threatening the entire financial system in Europe.


No comments:

Post a Comment