The Run Begins Deutche Bank

[brian.field]

http://www.zerohedge.com/news/2016-...nk-hedge-fund-clients-cut-collateral-exposure

 

[David Harper CFA FRM]

Uh oh, this bit of advice doesn't exactly help : "Those who have cash parked at Deutsche Bank, and at last check there was about €566 billion, they may want to consider moving it for the time being to a safer bank."

From the ft.com, Hedge funds pull business from Deutsche Bank https://www.ft.com/content/42ec5f88-8620-11e6-a29c-6e7d9515ad15

A person briefed on the situation at Deutsche said some of the bank’s hedge fund clients had imposed risk limits on the business they do with it in response to the negative headlines swirling around the lender and the recent rise in its credit default swap prices, a key indicator of credit risk.

 

[brian.field]

http://www.zerohedge.com/news/2016-10-02/some-deutsche-bank-clients-unable-access-cash-due-it-outage

Right......