From Deutsche Bank to Wells Fargo: It's an ugly week for global banking giants

By Caleb Melby and Angela Cullen
Updated September 30 2016 - 11:18am, first published 10:08am
Deutsche Bank shares closed down 6.7 per cent at a record low of $US11.48 in New York. The bank's market value has fallen 63 per cent in less than a year.  Photo: Richard Drew
Deutsche Bank shares closed down 6.7 per cent at a record low of $US11.48 in New York. The bank's market value has fallen 63 per cent in less than a year. Photo: Richard Drew

Even before the opening bell in New York, Thursday looked like a grim day for some of the giants of global banking.

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