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Turkish women cycle in Istanbul, Turkey, on Sunday. Ratings agency Moody’s has downgraded Turkey’s sovereign rating to junk. Picture: EPA/DENIZ TOPRAK

Turkey downgrade weighs on bourse

Moody’s cites slowing economic growth in Turkey, as well as the rising costs of debt, for its downgrade to sub-investment grade

Deutsche Bank tanks after reports that Merkel government won’t help it

PROBLEMS:  A sign above the entrance to a Deutsche Bank branch in Frankfurt. The shares fell to a record low of €11.44 on Thursday, meaning they have lost 49% in value since the beginning of the year. Picture:BLOOMBERG

Deutsche Bank’s share price plunged on Monday after reports that the German government will not help it as it faces a $14bn US fine for its actions leading to the subprime mortgage crisis

Deutsche Bank is given the cold shoulder

NO STEADY PACE: Visitors and exhibitors gather at the Deutsche Bank booth, during the Swift International Banking Operations Seminar 2016 at the Palexpo in Geneva, Switzerland, on Monday. The bank’s shares lost 6% in afternoon trade bringing losses to about 52% in 2016. Picture: EPA

CEO’s efforts to shore up profitability and capital have been put at risk by the US justice department requesting $14bn to settle a probe tied to residential mortgage-backed securities

Bitcoin finds a berth at Moscow bank

Picture: ISTOCK

Virtual currency finds use in Moscow in the lobby of the country’s biggest bank

Asset managers praise shift in regulators’ stance

Picture: THINKSTOCK

The world’s largest asset managers are not off the hook as the Basel-based Financial Stability Board says it may still review their ‘systemically important’ designation


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