Deutsche Bank woes keep stocks on steep slide

Deutsche Bank woes keep stocks on steep slide

A fresh slump in Deutsche Bank's share price sent European markets into a tailspin on Friday and left world stocks sliding toward their worst week in three months.
Hit by a string of fines for wrongdoing and a sharp fall in its revenues, Germany's biggest lender saw its shares drop as much as 9 percent (DBKGn.DE) and to below 10 euros for the first time before clawing back roughly half that lost ground.
The selloff followed reports that a number of hedge funds that clear derivatives trades with Deutsche had withdrawn some of their cash and adjusted positions, a sign that counterparties were... read more

30 September 2016 in World News, Views: 48
Source: Reuters

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