Bullboard - Stock Discussion Forum North American Financial 15 Split Corp T.FFN

Alternate Symbol(s): FNCSF

North American Financial 15 Split Corp. is a mutual fund corporation, which invests in a portfolio of over 15 financial services companies. It offers two types of shares, such as Preferred Shares and Class A Shares. Its investment objectives with respect to preferred shares are to provide holders of preferred shares with cumulative preferential monthly cash dividends, the amount of which is... see more

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North American Financial 15 Split Corp > Contagion spreading

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Post by mouserman on Mar 24, 2023 8:45am

Contagion spreading

Word is now that Deutsche Bank is in trouble.

LONDON, March 24 (Reuters) - Deutsche Bank shares (DBKGn.DE) tumbled on Friday after the cost of insuring the bank's debt against the risk of default shot to more than four-year highs, highlighting concerns among investors about the stability of Europe's banks.

The region's banking sector has had a rough ride in the last week, with a state-backed rescue of Credit Suisse and turmoil among regional U.S. banks fuelling concerns about the health of the global banking sector.

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Comment by itsthehitman on Mar 24, 2023 8:55am

What a mess....why can't most banking system's be as solid as Canada....America will probably be sweeping up all year.....looks like a rocky road for Financials this year...time to sell all???

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North American Financial 15 Split Corp