Deutsche Bank has reported a surge in bad debt, sparking concerns about the overall health of the global economy. According to Bloomberg, the German banking giant's non-performing loans have increased by 20% over the past year, reaching a total value of €11 billion. This uptick is attributed to difficulties faced by European companies, particularly those in the energy and manufacturing sectors.

Source: https://www.bloomberg.com/news/newsletters/2024-10-23/bloomberg-evening-briefing-bad-debt-at-deutsche-bank-points-to-frail-economy