The analogy to Lehman Brothers strengthened overnight (09.28.2016) as Deutsche Bank CEO John Cryan sounded the all clear for the bank in an interview with Germany’s Bild magazine.
So everything must be fine, right?
For those who might be inclined to take Cryan at his word, consider that we’ve seen this exact scenario play out before. In 2008, Lehman Brothers CEO Dick Fuld incredulously bellowed that the bank was fully capitalized and that he would punish the shorts who were betting against the stock. Soon after, Lehman was no more.
But what could we expect Cryan to say?
Continue reading “Deutsche Bank – Code Blue”
For those who may be tired of hearing about the woes of Deutsche Bank, I unfortunately cannot apologize at this time. It is necessary for me to continue cataloguing the adventures of the systemically important German bank because it is one of the key signposts that trouble is brewing. More accurately, trouble is being poured out with another batch brewing right behind it.
Despite reassurances from Deutsche Bank’s latest CEO, all is not well. The stock has lost almost 50% of its value in 2016 after a dismal performance in 2015 as well. So why is this happening now?
Continue reading “New All Time Lows for Deutsche Bank – Critical $10 Threshold In View”