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Shares dive as fears mount for health of global banking

Discussion in 'Market News' started by Lily, Feb 9, 2016.

  1. Lily

    Lily Forum Member

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    Deutsche boss forced to reassure staff that bank is rock solid as volatile markets focus on sector’s ability to weather low interest rates

    Growing anxiety about whether banks can withstand continued low interest rates and fears of a re-run 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 100,000 staff that it was “rock solid”, concerns mounted about the health of the global banking sector.

    Related: Global woes will delay UK interest rate rise until 2020, say analysts

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