DAHBOO 77 - DEUTSCHE BANK WARNING: DISMAL 3RD QUARTER RESULTS CAN TRIGGER GLOBAL COLLAPSE

Jude Sat 29 Oct 2016, 04:30

Published on Oct 26, 2016
http://undergroundworldnews.com
Bad news could spark a sell-off contagion that could lead to another global financial meltdown and a bail out by Angela Merkel's government despite her opposition to German state intervention.

Analysts are warning that ultra high frequency trades triggered by machines could lead to a perfect storm and could have serious knock-on effects for other banks exposed to the firm's risky assets book.

Germany's largest lender has been hit by unprecedented sell-offs losing 52 per cent of its value in just a year and is struggling to ward off its crisis.

The bank has announced massive job cuts ahead of a £11.4billion fine from the US Justice Department.

And it has been muted that up to 5,000 jobs could go in America alone.

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