Deutsche Bank Collapsing? Is This Why Germans Warned to Prepare?
Wednesday, September 28, 2016 11:24
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(N.Morgan) Since Germany issued the dire warning to its citizens to stock up on food and water, it is beginning to look as if Deutsche Bank may be collapsing.
If the leading bank in Germany collapses, the effect on Europe would be devastating, and it would be highly unlikely that the US would remain unscathed by such a collapse.
It would have a ripple effect that would travel all across the Atlantic. The Deutshe Bank’s financial woes are currently stressing the American Stock Market.
Angela Merkel has said that Deutsche Bank will not receive a bailout from the European Central Bank, which is the last resort lender of financial institutions in crisis.
The Department of Justice recently issued a $14 billion fine to the bank to settle a mortgage-backed securities probe, which the bank has no intention of paying.
“Deutsche Bank has no intent to settle these potential civil claims anywhere near the number cited,” the company said in a statement early Friday in Frankfurt
Credit to Common Sense
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Source: http://nunezreport.blogspot.com/2016/09/deutsche-bank-collapsing-is-this-why.html
