Despite all the exuberance over the Brexit bounce in US (and UK) equities, never minds bonds, FX, and credit being far less enthusiastic, Deutsche Bank is plunging once again this morning. Having failed The Fed’s stress test for the second year running and been diagnosed by The IMF as the world’s most systemically dangerous financial entity, the giant Germanbank is getting slammed down almost 4% today, back near record lows as its ‘Lehman-esque’ path to devastation continues.
This is far from over!!
And if DB goes…
Then who’s next?
As we previously conclude, considering two of the three most “globally systemically important”,
i.e., riskiest, banks just saw their stock price scrape all time lows
earlier this week, we wonder just how nervous behind their calm facades
are the executives at the ECB, the IMF, and the rest of the handful of
people who realize just close to the edge of collapse this world’s most
riskiest bank (whose market cap is less than the valuation of AirBnB) finds itself right now.
via http://ift.tt/297rpPh Tyler Durden