Will Deutsche Bank go bankrupt after CS?

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Since the urgent takeover of CS by UBS, there has been tension among bank investors. Concerns regarding the banking sector were particularly high in Germany on Friday. At the weekend, Deutsche Bank came under great selling pressure. This was reported by “Bloomberg” and various German media.

Shares of the largest Deutsche Bank fell as much as 14.9 percent. The bank’s shares were at times at €7.95. Deutsche Bank has fallen more than in three years, according to Bloomberg.

Deutsche Bank is almost 15 percent in the red from time to time

As “WirtschaftsWoche” wrote, the price drop at Deutsche Bank was particularly strong compared to the others.

For comparison: Deutsche Bank was almost 15 percent in the red at times, while Italy’s Unicredit and Swiss UBS were down five to seven percent at midday. Meanwhile, Germany’s Commerzbank was also in the red 9 percent.

The reason for the sharp collapse in Deutsche Bank is that the Frankfurt institute is still one of the weakest money centers in Europe and therefore more susceptible to price drops.

Due to the massive price drop, the German Dax stock index also fell further. Although the situation calms down a bit in the afternoon and the bank may close the trading day with an 8 percent decline, the current situation should worry some bank investors in light of the latest developments.

Scholz also intervened.

However, Deutsche Bank must be resilient, according to financial experts. This was reported by “Frankfurter Allgemeine,” citing analysts from research firm Autonomous Research.

“We are relatively comfortable given the bank’s strong equity and liquidity positions,” analysts said in their report. Also, analysts hardly believe that the German money house is doing the same with the Swiss CS. In short: “Deutsche Bank is not the next Credit Suisse,” according to the research firm.

German Chancellor Olaf Scholz (64) (SPD) is sounding the same horn: “There is no need to worry about anything,” Scholz said at the end of the EU summit in Brussels on Friday. , referring to the institute’s occasionally falling stock market price. “Deutsche Bank has fundamentally modernized and reorganized its business model and is a very profitable bank,” the Chancellor said. (dzc/AFP)

Source :Blick