THE NEXT NEWS NETWORK - DEUTSCHE BANK FAILURE WILL DESTROY THE ENTIRE EUROPEAN BANKING SYSTEM, TOP ANALYST SAYS

Jude Sat 24 Dec 2016, 02:19

Published on Dec 22, 2016
Sub for more: http://nnn.is/the_new_media | JON ROGERS for the Express reports, A SENIOR financial analyst has claimed that if Deutsche Bank is allowed to fail it will collapse the entire European banking system. Ewen Cameron Watt, a senior director at investment managers Blackrock Investment Institute, told CNBC: "If Deutsche Bank doesn't make it, forget European banks as a whole.” "I think if you look at Deutsche Bank, what John Cryan (Chief Executive, Deutsche Bank) is doing is trying to lead a very long march back to a sustainable model.

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