Issues keep going for Deutsche Bank. There are growing concerns that the German bank may not pay coupon on its riskiest bonds next year. Its massive
Issues keep going for Deutsche Bank. There are growing concerns that the German bank may not pay coupon on its riskiest bonds next year. Its massive derivatives exposure starts also to alarm financial markets. In the U.S., data remain soft even if inflation has slightly picked up. Yet it has not spurred housing market which weakness reveals, according for us, the true state of the U.S. economy. In Switzerland, exports are still suffering from the global economic slowdown and the unemployment rate is on the rise.
