Deutsche Curve Inverts As Bundesbank Dismisses State Support Of “Zombie” Banks

Tuesday, September 27, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
Sep 27, 2016

Deutsche Bank Sub CDS closed above 500bps for only the second day in its history (and the longer-term CDS curve inverted once again) as a bad day ended worse with Bundesbank member Andreas Dombret exclaimed “state support of banking sector must end,” warning that it only “props up zombie banks.” His pronouncements also pushed politicians to make the hard decisions and “tell banks they need structural reform.”

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