Deutsche Bank WARNING: Fears ‘robot traders will trigger GLOBAL CRASH’ on THURSDAY
EXCLUSIVE: THE FUTURE of Deutsche Bank could be decided on Thursday when bosses release its third quarter results, warn experts.
By SIOBHAN MCFADYEN
Express.co.uk
Tue, Oct 25, 2016
The news could spark a sell-off contagion that could lead to another global financial meltdown and a bail out by Angela Merkel’s government despite her opposition to German state intervention.
Analysts are warning that ultra high frequency trades triggered by machines could lead to a perfect storm and could have serious knock-on effects for other banks exposed to the firm’s risky assets book.
Germany’s largest lender has been hit by unprecedented sell-offs losing 52 per cent of its value in just a year and is struggling to ward off its crisis.
The bank has announced massive job cuts ahead of a £11.4billion fine from the US Justice Department.
And it has been muted that up to 5,000 jobs could go in America alone.
Now investors, including their biggest stakeholder Qatar, are said to be on edge as they get set to reveal their latest financial data.
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