DEUTSCHE CHAOS: Desperate German bank on brink of collapse as it pleads over £10BN fine

DEUTSCHE CHAOS: Desperate German bank on brink of collapse as it pleads over £10BN fine
 

US authorities have demanded Germany's biggest lender pay a $14billion (£10.5bn) charge that is almost as much as Deutsche's entire value.
The lender urgently needs to secure a substantially lower fine before the US presidential election to have any hope of restoring market confidence.
The threat of the fine has pushed the bank's shares to record lows in recent weeks.
Officials at Deutsche are now racing to reach a settlement over the mis-selling mortgage-backed securities before America votes on its next president in November.
The bank previously insisted it has no intention of paying... read more

 
3 October 2016 in Business, Views: 41
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