Deutsche Bank Death Spiral Hits Historic Low. European Banks Follow
by Wolf Richter
WolfStreet.com
Dec 20, 2018
Bottom fishers were taken out the back and shot.
It just doesn’t let up with Deutsche Bank — or with European banks in general. A new day, a new scandal, a new historic low in the share price that has been in a death-spiral for over 10 years. Deutsche Bank shares plunged 7% today in Frankfurt, to a new historic low of €7.00, after briefly threatening to close at an ignominious €6.99. Its market cap is now down to just €14 billion. The stock has plunged 56% so far this year:
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