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Deutsche Bank crisis threatens to roil global markets

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Europe’s problems with some of its largest financial institutions could spill over into the rest of the global market.

Deutsche Bank’s shares tumbled on Friday on a report that a group of hedge funds were reducing their exposure to the giant financial institution.

Earlier in the week, one financial blogger, Wolf Richter, wrote that deep-seated concerns about Deutsche Bank’s ability to raise enough cash to give the market comfort that it is on a sound footing speaks to a larger problem that Europe’s embattled banking sector must combat. Richter, the editor of financial blog site Wolf Street, said “the banking crisis [in Europe] has the potential to transmogrify into a financial crisis.”

Source: Deutsche Bank crisis threatens to roil global markets – MarketWatch



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