Monday, October 03, 2016
Deutsche Bank's Lost Weekend
Hot on the heels of the unsurprising revelation that AFP's stock rallying report at the end of last week, that a deal had been done between the USA's Department of Justice and Deutsche Bank, was utter bollocks; it transpires that Deutsche Bank suffered a further blow to its image this weekend with a third IT outage in the space of a few months on Saturday "that prevented some customers getting access to their money for a short time."
Today is a bank holiday in Germany. However, that will provide no respite for Deutsche Bank. We can expect more bad news whilst the markets in Germany are closed.