Saturday, December 14, 2024

Tag: Deutsche Bank Loses 10% Value After EU Leaders Say “Banking System is Stable in Europe”

Deutsche Bank Loses 10% Value After EU Leaders Say “Banking System is Stable in Europe”

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    from The Conservative Treehouse:

    Almost as soon as German Chancellor Olaf Schulz said, “The banking system is stable in Europe – Generally, I think we are in good shape,” shares of German-based Deutsche Bank began dropping.

    After a Friday loss of 14%, the bank came back to close -9.8%, and on the heels of the Credit Suisse collapse and subsequent purchase, concerns are still reverberating.