Ken Odeluga – Market analyst for City Index – joined Nick Batsford and Zak Mir on Tip TV to discuss the positive interpretations over Deutsche Bank’s losses, as well as whether or not Glencore’s junk credit status may be another nail in the coffin.
Deutsche Bank too big to fail?
With news that Deutsche Bank made losses of approximately £4.2billion, Odeluga broke down where these losses came from. With brokers seemingly interpreting these losses as a positive, Zak Mir questions whether this is another case of a bank being too big to fail, but Odeluga is more sceptical over the future of Deutsche.
Glencore can get their message across.
The latest in a string of troubles for the commodity giant Glencore is the recent downgrade of its credit score to near-junk status. Mir believes this could be a self-fulfilling prophecy, and impact their business, however Ken Odeluga is confident that Glencore will be about to get their messages out via brokers, media, and other relationships.
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