Deutsche Bank is one of the world’s largest and most important banks and its shares are cratering. The stock is down over 50% YTD and it is taking a beating again this morning. Over the weekend, it was reported that German Chancellor, Angela Merkel ruled out giving the bank state-aid. That may have been a mistake as investors now smell blood. If Deutsche Bank’s counter-parties start backing away from doing business with the bank and the German government doesn’t come to its rescue, there may be no way for the bank to recover.
Jeremy Jones, CFA, CFP® is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. CNBC has ranked Richard C. Young & Co., Ltd. as one of the Top 100 Financial Advisors in the nation (2019-2022) Disclosure. Jeremy is also a contributing editor of youngresearch.com.
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