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Wednesday, April 24, 2024

Deutsche Bank: What the Hell is Going On?

Courtesy of Mish.

Deutsche banks shares are plunging again in morning European tradings. It’s 4:13 AM in Chicago, but Germany is seven hours ahead making it 11:13 AM in Germany.

Deutsche Bank shares today set yet another record low in price. The Telegraph reports Deutsche Bank rout deepens: Shares plunge below €10 for first time ever.

What is going on?

Perception Issue

db-2016-09-30

The first thing we can rule out is Deutsche Bank’s comment this is a “perception issue”.

Banking stocks do not plunge from over $100 to under $10 on perception issues.

db-2016-09-30a


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