Deutsche Bank Turmoil Continues as FT Reports on Potential Debt Buyback

[kreslik.news]

The Financial Times is reporting that the German lender at the center of the market meltdown in European equities is considering to buy back its own bonds in response to rumors about its solvency.

Sources with knowledge of the matter have confided to the newspaper that this is the latest step which the bank is considering to boost confidence levels of its investors. Shares of the German lender have plummeted 40 per cent this year amid concerns over the ability of Deutsche Bank to meet its obligations.

According to the information published by the Financial Times, the buyback is likely to ... (read more)