Rocky ride for Deutsche Bank amid reports hedge funds have lost faith in German banking giant



Deutsche Bank shares have endured a rocky ride today as fears mount that the German giant has lost the confidence of some global investors.
At one point its share price slipped below the €10 mark, slumping 7 per cent to as low as €9.92, before pulling back to €10.18.
Its shares have now fallen 25 per cent since the US Department of Justice announced it was slapping a $14billion fine on the bank for the mis-selling of US mortgage securities.
The slide comes amid fresh reports that as many as ten hedge funds have been reducing their financial exposure to the bank.
Deutsche was forced earlier... read more

 
30 September 2016 in Business, Views: 44
Source: Daily Mail
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