Has Deutsche Bank Done Enough to Calm the Jitters?
Deutsche Bank AG became the largest lender in at least four years to feel compelled to reassure investors and employees that it has enough cash to pay its debts. Germany’s biggest bank said in a statement Monday that it has more-than-sufficient means to pay coupons on its riskiest debt both this year and in 2017. Bloomberg’s Simon Ballard discusses the bank – and other financial sectors - with BNP Paribas Senior Investment Strategist Daniel Morris. They Joined “On the Move” hosts Jonathan Ferro and Guy Johnson.