Having bounced 22% off Thursday’s lows, amid endless confidence-inspiring chatter (of buybacks, bailouts, bank CEO buys, and SWFs saving the day), Deutsche Bank closed lower on the day, tumbling over 6% from its opening highs as the reality of the credit markets continues to sink in.
So, no, Deutsche Bank (and its $64 trilion derivatives book) is not “fixed” – far from it…
You Are Here…
via Zero Hedge http://ift.tt/1PzQ1e4 Tyler Durden