Deutsche boss forced to reassure staff that bank is rock solid as volatile markets focus on sector’s ability to weather low interest ratesGrowing anxiety approximately whether banks can withstand continued low interest rates and fears of a re-sprint of the 2008 financial crisis continued to stalk markets when shares fell to a three-year low and bank shares remained volatile.
As shares in Deutsche Bank plumbed new depths on Tuesday and the bank’s chief executive had to reassure its 100000 staff that it was “rock solid”,concerns mounted approximately the health of the global banking sector. Related: Global woes will delay UK interest rate rise until 2020, say analysts Continue reading...
Source: theguardian.com