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Merkel can't afford Deutsche Bank crisis to get out of hand

Tidjane Thiam, the former Prudential chief now running Credit Suisse, won’t be thanked by his counterparts at Deutsche Bank for saying so at this moment, but he is correct: big European banks are “not really investable” and the industry is in a “very fragile situation”.

ECB keeps interest rates at 0%

The European Central Bank has left interest rates in the eurozone unchanged, but kept the door open for more cuts in the months ahead and renewed calls to politicians to do more to support the bloc’s economic recovery.