“It All Has A Very 2008 Feel To It” – For Deutsche Bank, The News Just Keeps Getting Worse – 09.26.16

  • It has already been an abysmal day for Germany’s biggest lender: overnight Deutsche Bank plunged to fresh all time lows on speculation whether the German government would or wouldn’t provide state aid to the bank (if needed), forcing the bank to state it does not need the funds at the same time as the government urged markets that “you can’t compare” Deutsche Bank and that “other” bank, Lehman Brothers, although looking at the chart, one may beg to differ.
  • However, while DB stock closed at session lows, over 7% lower on the day, with its market cap of $16 billion now rapidly approaching the $14 billion litigation settlement demanded by the DOJ, the bad news did not stop there.

Read more at:“It All Has A Very 2008 Feel To It” – For Deutsche Bank, The News Just Keeps Getting Worse

Source: zerohedge.com

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