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Deutsche Bank - anyone following...

(7 Posts)
ThroughThickAndThin01 Wed 28-Sep-16 13:48:10

...and worrying? What is the likelihood of it collapsing, and of Angela letting it? Seems a bit of a slow motion train crash.

AnyTheWiser Wed 28-Sep-16 13:54:57

I don't really get what's going on with it. I briefly saw a headline saying it had caused ftse to go down... to 6800! So pretty high in first place.confused

ThroughThickAndThin01 Wed 28-Sep-16 14:18:48

The gist, I think, is that it has been slowly slipping into trouble over the last year and if it isn't allowed to fail Merkel will have to step in with a bail out. However, as she refused to bailout the Greek banks she isn't in a position to bail out deutsche Bank. Catch 22. If it collapses it'll trigger a banking crises bigger than 2008.

DoYouRememberJustinBobby Sun 02-Oct-16 13:54:52

I have been watching along with this and agree she will be in a difficult position because of the Greek situation.

I'm not completely up on banking but if this bank goes what happens then? Which other institutions is it tied to?
It all sounds very, very worrying.

ThroughThickAndThin01 Mon 03-Oct-16 14:48:24

Not sure what other institutions it's linked to JustinBobby, but Barclays here and Citigroup (I think they're called) in the US are equally precarious from what I've been reading.

doradoo Mon 03-Oct-16 14:57:35

Wonders if it has anything to do with the Germans being told to stockpile supplies and cash then........

atticusclaw2 Tue 04-Oct-16 22:05:26

If the germans are being told to stockpile then its good advice for all of us I would have thought.

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