Sovereign Fund Instills Confidence in Credit Suisse
Traders have grown nervous about the current health of major European banking institutions, as credit default swaps tied to certain debt surged among several banks in the past few weeks. Deutsche Bank recently announced a bond buyback to calm markets, showing its ability to pay off debt. The plan is to buyback US$ 5.4 billion in debt in total. Deutsche Bank would realize a profit as it repurchases the debt below its issue price.
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