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Post by blackfeather on Feb 9, 2016 17:00:43 GMT
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Post by Ozarks Tom on Feb 9, 2016 21:31:32 GMT
Yeah, I've read about Deutsche Bank 3 places just today. I usually don't put much faith in one or two stories, they can easily be the work of someone buying short, and trying to run the price down for their own purposes. This much exposure is definitely troubling. Here's a story from from the NYT that includes Deutsche Bank. Deutsche Bank and a handful of other European banks are contending with their own problems that could explain the depth of their recent declines. Banks issue debt to raise money for their loans and operations. In recent weeks, investors have paid a higher price to buy insurance against a bank defaulting on such debt. The cost of using so-called credit-default swaps to gain protection for five years on Deutsche Bank’s debt has doubled since the start of this year, according to data from Markit. www.nytimes.com/2016/02/09/business/dealbook/nervousness-about-global-banking-giants-intensifies.html?_r=0
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