Deutsche Bank AG (DB)

[fromtheuk]

Ratings agency’s due to report on Italy End of October. EU set to reject budget (I assume) over the next couple of weeks.

https://www.reuters.com/article/us-italy-budget-salvini/italy-salvini-says-ratings-agencies-must-be-fair-euro-exit-not-on-agenda-idUSKCN1MI0J0

Reuters almost certain to downgrade 1-2 notches (if 2 that puts Italy at Junk and it’s game over)

Even 1 Notch, and Yields will continue to rise as EMF withdraws support leaving Italy to fend for itself in the markets.

Capital flight in progress already, but could hit panic levels soon.

DB holds huge Italy Debt.. (but it’s not the only one)