Deutsche Bank ADMITS it is preparing for market crash as fears over bail out grow

GERMANY'S largest bank has ADMITTED it is in "financial repression mode" as it desperately scrambles to implement financial buffers to prevent collapse.

 

Central banks are using interest-rate cuts, asset purchases, and other monetary-policy measures to prop up the economy to keep it at a "status quo”, the bank said.

But a market correction could be on the cards if an "external economic shock" hits, they said. 

The news comes as it was revealed the bank's profits dropped by 98 per cent last month and its share price reached lows not seen since before 2002.

Now Dominic Konstam, Deutsche Bank's global head of interest rates research, has issued a report that warned a "collapse in risk assets" could cause "panic".

http://www.express.co.uk/news/world/700610/Deutsche-Bank-ADMITS-it-is-preparing-for-market-crash-as-fears-over-bail-out-grow