Deutsche Bank Stock Plunges To All Time Low After Merkel Rules Out State Bailout; Default Risk Surges

Monday, September 26, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
Sep 26, 2016

As reported over the weekend, in an unexpected announcement Angela Merkel announced that she has ruled out state aid for Deutsche Bank, and the market reaction has been swift and brutal, with the bank’s shares tumbling to a new all time low, sliding more than 6% this morning to €10.70, as the company’s default risk has soared higher and is now the widest name in the Markit iTraxx index.

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