Tuesday, September 27, 2016

Deutsche Bank Plunge Sparks Talk of 'Lehman Moment'

Nick Beams reports on a looming event that could rip through the global banking system:

Shares in Deutsche Bank plunged yesterday in the wake of reports in a German news magazine that Chancellor Angela Merkel had ruled out assistance to the bank following the imposition by the US Department of Justice (DoJ) of a $14 billion fine over its dealings in the sub-prime mortgage market leading up to the financial crisis of 2008.

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