Deutsche Bank Hangs By A Thread On Eve Of Jubilee
Looks like Deutsche Bank is rallying on a rumor out of France that the DOJ is negotiating a lower fine for DB. Somewhere in the 4-5 billion range. The CEO wrote a letter to depositors and colleagues that they were sufficiently capitalized. The S & P has not further downgraded DB yet. Wall Street has hopes Germany would Nationalize DB and or approve of ECBs recapitalization if necessary. Only time will tell.
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Posted by Nicole Bourbaki