Deutsche Bank needs to reassure markets: IMF official

A senior IMF official said Wednesday that Germany's troubled Deutsche Bank should act to reassure markets that its business model is viable, and warned about broader weakness in European banks. The remark came as the International Monetary Fund said European banks face thin margins and high levels of bad loans, a gathering threat to global financial stability in the medium term. The International Monetary Fund in June said the German lender could be Europe's largest contributor to systemic risk.