Deutsche Bank fall drags down US stocks

Deutsche Bank fall drags down US stocks
 

US stocks headed lower on Thursday after Deutsche Bank shares tumbled in New York following a report that some funds had withdrawn cash.
Germany's biggest lender fell nearly 8% after Bloomberg reported some hedge funds had taken out cash and withdrawn positions held at Deutsche Bank.
It added that the majority of Deutsche Bank's trading clients made no changes.
The report still unsettled other bank stocks, sending Goldman Sachs down 2.6% and JP Morgan 1.3% lower.
Deutsche Bank said in a statement: "Our trading clients are among the world's most sophisticated investors."
The bank... read more

 
29 September 2016 in Business, Views: 47
Source: BBC
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