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German bank profit warning sparks global shares slump

  • Listed: October 5, 2011 6:25 pm

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Stock markets around the world slumped yesterday as the health of Europe’s banking sector moved deeper into critical territory. The FTSE 100 Index ended 2.6% lower, closing below the 5,000-point mark for the first time since July 2010, after a shock profit warning from Germany’s Deutsche Bank added to fears of a Greek debt default. The Deutsche Bank update also came…

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