banks, and there could be many banks exposed to russian debt now? i~ banks exposed to russian debt now? j~ ., , banks exposed to russian debt now? ., , now? the 1998 example was a hed . e now? the 1998 example was a hedge fund. now? the 1998 example was a hedge fund, the now? the 1998 example was a hedge fund, the federal - now? the 1998 example was a i hedge fund, the federal reserve stepped in with a $6 billion bailout, a lot of money back then, it doesn t sound like an awful lot now, it created tremendous ripples through the financial system and if you look at issues of european banks, like torture bank, with direct exposure through lending, probably some of the investment bank through credit derivatives that where we don t quite know what is lurking under the surface, as it were. as great as ever, great to talk to you. have a great week and we will talk to you again soon to talk about markets. let s see how the asian markets are faring today. this week starting in an
kind of pretty much stagnant core inflation and one could even as a devil s advocate ask the e.c.b. hey what s the problem core inflation has been at around one percent for the last 5 years and markets have basically now go down to that so why do you have to fight it with all means to get it up to close to want us to 2 percent good talking to thanks for joining us there stefan schneider from the torture bank at d. b. research you want to take a look at out some of the other stories making news around the world s russian investigators have raided the homes and offices of opposition supporters linked to kremlin critic and that s in the valley the race took place in nearly 40 cities across the country with computers and other equipment confiscated it comes just days after allies of president vladimir putin suffered major losses in moscow city elections. southeastern spain has been battered by severe brain and flash flooding in the financial region drenching rain caused the cloudy on
and just weeks ago a raid on deutsche bank s frankfurt offices part of a german investigation into money laundering in tax havens. the specter of yet another inquiry up the pressure on deutsche a c.e.o. christian saving investors have applauded his moves to return the bank to profitability but there s a feeling saving is saddled by the mistakes of his predecessors. and there s still other concerns about the u.s. congress the house of representatives could push for torture bank to disclose details on donald trump s accounts there democrats assume control in january just one more worry for an already beleaguered institution. that s been in the corner of the stock exchange. what does that mean for the. well you know the loss of reputation in the bank is translated on the financial markets a loss in value bank shares so far this year have lost already around about half of
relations and to the benefit of both sides and that s been the result in the past decades with both sides creating jobs and grooming corporate growth in the process and it seems as if the chinese ahead of any repercussions that worsening trade relations with the united states are having on a strong growth path the recent number for the g.d.p. growth in the second quarter is six point seven percent stronger than people expected that augurs well for trade for the moment at least. on a very different note and just briefly if you could don t you believe surprised everyone by releasing some results i ll come behind that. yeah the dutch a bunker took a look at its balance sheet and said oh that s so good that we have to release and inform the public because of official rules before we get punished for not seeing how good the situation is and the people in the market agree that torture bank much
a separate move towards opening up the chinese economy and link between the shanghai and london stock exchanges is to be established by the end of this year this will allow investors in both markets to directly acquire shares in the other. such a move comes as welcome news to those who criticize china for making it difficult to access its markets. that the world s second largest economy will have to follow through to alleviate trade tensions with the united states. now for some news in brief germany s largest lender has got a new boss and sieving is taking over as c.e.o. of torture bank. he replaces britain john cryan who arrived in twenty fifteen with the task of steering the embattled bank away from collapse. but after three consecutive years of losses the management s been shaken up sieving has spent