The Deutsche Bank social media team has caused a Twitter storm after moving to deny a story published by conspiracy blog Zero Hedge that it was on the verge of collapse.
The Zero Hedge post in question was headlined 'The Deutsche Bank Death Watch Has Taken A Very Interesting Turn', and opened with dazio the line: "The biggest bank in Europe is in the process of imploding, and there are persistent rumors that the final collapse could happen sooner rather than later."
Likening Deutsche banks travails to that of Lehman Brothers before its collapse, the Zero Hedge take presented the giant German bank as a zombie institution on the brink of a catastrophic ruination wwe that would bring down the entire financial system.
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