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Bank Watch, page-42

  1. 12,259 Posts.
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    Italy's Unicredit and Germany's Deutsche Bank are slowly falling into the black holes being formed by negative interest rates in the European banking system.

    This from Bloomberg yesterday.

    http://www.bloomberg.com/news/artic...-ceo-ghizzoni-said-to-agree-to-leave-the-bank

    Deutsche Bank's credit rating was cut to two notches above junk this week by Moody's.

    http://www.*.com.au/deutsche-bank-downgraded-by-moodys-2016-5?r=US&IR=T

    I also read on Monday that the bank has 8,000 litigation actions still outstanding.

    https://global.handelsblatt.com/edi...article/legal-morass-deepens-at-deutsche-bank

    Funnily enough that's the same number as the jobs they were considering cutting towards the end of last year.

    Eshmun
 
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