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German banks an accident waiting to happen

Red Warning Light

Germany's banking system is one of the worst in the world, according to Paul Gambles, managing partner at advisory firm MBMG International, who told CNBC that Deutsche Bank is over-leveraged and is an accident waiting to happen.

Bob Diamond Breaks Cover

Iron Bob

Ex-Barclays boss Bob Diamond was seen out in London for the first time in months last night, nearly a year after he resigned over the rate-fixing scandal.