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Monday, 3 October 2016

Keep an eye on Deutsche Bank this week

COULD DEUTSCHE BANK SPARK GLOBAL PANIC? Hedge fund clients are reportedly pulling business from Deutsche Bank to limit exposure to what some observers fear is a possible “global shock.” Business Insider has a nice wrap (including the very profane name one trader is using to refer to DB), and followed that with a piece that seems to confirm DB CEO John Cryan was once a government official in MENA as he says: “Trust is the foundation of banking. Some forces in the markets are currently trying to damage this trust.”

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