DB is the biggest bank in Germany and has about 1.5T euros in assets, so about same'ish size as CS. Probably too big to fail also.
https://www.cnbc.com/2023/03/24/deut...nce-costs.html
Quote:
Deutsche Bank shares fell by more than 14% on Friday following a spike in credit default swaps on Thursday night, as concerns about the stability of European banks persisted.
The German lender’s shares retreated for a third consecutive day and have now lost more than a fifth of their value so far this month. Credit default swaps — a form of insurance for a company’s bondholders against its default — leapt to 173 basis points on Thursday night from 142 basis points the previous day.
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Other European banks too. The German Fed equivalent is either cussing out Jerome or calling him for some tips.
Quote:
Deutsche led broad declines for major European banking stocks on Friday, with German rival Commerzbank shedding 9%, while Credit Suisse, Societe Generale and UBS each fell by more than 7%. Barclays and BNP Paribas both dropped by more than 6%.
Deutsche Bank has reported 10 straight quarters of profit, after completing a multibillion euro restructure that began in 2019, with the aim of reducing costs and improving profitability. The lender recorded an annual net income of 5 billion euros ($5.4 billion) in 2022, up 159% from the previous year.
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