Oct
09
Deutsche Bank and the Nonstop Bleeding of Europe’s Lenders
ByThe EU still hasn’t figured out how to live with historically low interest rates.
It’s been more than eight years since the financial crisis. Shouldn’t the No.?1 bank in Europe’s biggest economy have found its footing by now?
Germany’s Deutsche Bank has investors rattled, policymakers muddled, and anyone else who’s paying attention feeling a little queasy. The trigger was news in September that the bank could be hit with a $14 billion penalty for alleged misdeeds during the U.S. mortgage boom. Fearing Deutsche Bank would have to raise capital—selling stock and diluting per-share value—or even find itself in need of a state bailout, investors sent its shares tumbling to a record low on Sept. 26…
Deutsche Bank and the Nonstop Bleeding of Europe’s Lenders
