Germany’s biggest bank is looking shaky and some investors fear it could collapse and endanger the wider financial system. Some even wonder whether it might become the next Lehman Brothers, the U.S. bank whose failure unleashed the worst of the global financial crisis in 2008. Experts warn against drawing such quick conclusions. Deutsche Bank’s shares are down 51 percent so far this year and it’s negotiating a multibillion fine in the U.S. that it could have trouble paying. But it’s exactly because it is so big and important that it is unlikely to be allowed to simply fail, the way U.S.
Photo: DPA
Shares in Germany’s biggest lender Deutsche Bank plummeted on the Frankfurt stock market on Friday, dragging other European banks and global markets down with it, after reports some customers were pulling money out.
Shares in Germany’s biggest lender Deutsche Bank plummeted on the Frankfurt stock market on Friday, dragging other European banks and global markets down with it, after reports some customers were pulling money out.