Deutsche Bank shares recover after drawing support from clients, rivals

Deutsche Bank shares recover after drawing support from clients, rivals
 

Shares in Deutsche Bank rose 2.5 percent on Tuesday, benefiting from the support of its major clients and even rivals, rebounding after concern over its future last week sent the stock to a record low.
German business leaders from companies including BASF, Daimler, E.ON, RWE and Siemens lined up to defend the bank in the German press over the weekend, which included a public holiday on Monday.
JP Morgan Chief Executive Jamie Dimon said late on Monday that he saw no reason that Deutsche Bank should not get over its problems.
While Dimon's remarks lent some calm to the market they showed his... read more

 
4 October 2016 in Business, Views: 45
Source: Reuters
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