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Message
re: Deutsche Bank Litigation / Bailout Watch
Posted on 10/3/16 at 8:26 am to Doc Fenton
Posted on 10/3/16 at 8:26 am to Doc Fenton
quote:
Shooter McGavin as the weatherman in The Perfect Storm
1
Posted on 10/4/16 at 6:05 am to crazycubes
Article of the morning...
Telegraph: " It’s not just Deutsche. European banking is utterly broken." by Jeremy Warner
quote:
All eyes are naturally focused on the specific problems of Deutsche Bank, but Deutsche is in truth no more than the canary in the coal mine. As Tidjane Thiam, chief executive of Credit Suisse, observed last week, as an entire sector, European banks are still “not really investable”. Much the same disease as afflicts Continental banks also applies to British counterparts, including Royal Bank of Scotland, Barclays and even Lloyds.
Say what you want about Wells Fargo and its PR problem. The U.S. banks are a lot more secure than the European ones right now.
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