Friday, August 26, 2016

Deutsche Bank CEO Warns 
Of "Fatal Consequences" For Savers
Deutsche Bank's CEO, John Cryan, warns that “monetary policy is now running counter to the aims of strengthening the economy and making the European banking system safer." .. he also warns that if Deutsche Bank goes down it is taking everyone down with it - he warns of “fatal consequences" for savers & pension plans while "companies refrain from investments due to ongoing uncertainty and demand less loans .. The ECB’s policy is squeezing the margins of Europe’s struggling banks, making it harder for insurers to find profitable investments and dangerously distorting financial market prices."
LINK HERE to the article

No comments: