Page 7 - Stuart Graham News Today

Humza Yousaf was sworn in as Scotland's first minister on Wednesday, becoming the first Muslim leader of a government in western Europe.

German chancellor Olaf Scholz has issued assurances that Deutsche is not the next Credit Suisse in a clear indication there are major concerns it could well be.

Shares in Deutsche Bank fell sharply Friday, dragging down other major European banks and leading German Chancellor Olaf Scholz to express confidence in the country’s largest lender after fears about the global financial system sent fresh shudders through the market. Deutsche Bank shares closed down 8.5% on the German stock exchange after falling as much…

The German bank’s shares fell as much as 15% before paring losses to end the day down 8.5% in Frankfurt.

What to do if and when you lose your banking job.

Financial Times: Germany’s chancellor rejects Credit Suisse comparison.

But European leaders downplayed any risk of a possible crisis at a summit Friday.

Last night, amid the Fed's H.4.1 report, we noted an unprecedented surge in foreign official Repo ($60 billion) under the Fed's new FIMA repo facility, which means that the offshore scramble for dollars was alive and well, and someone really needed access to USD. The assumption was that it was Credit Suisse (or UBS) shoring up some shortfalls, but with the action of the last couple of days, others are worrying that there is more afoot in the EU banking system.

(CTN News) - Market panic over European banking stability led to a drop in Deutsche Bank shares Friday while insurance costs spiked.........

FRANKFURT, Germany (AP) — Shares in Deutsche Bank fell sharply Friday, dragging down other major European banks and leading German Chancellor Olaf Scholz to express confidence in the country’s largest lender after fears about the global financial system sent fresh shudders through the market.