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Deutsche Bank has been making headlines over the past two weeks as it struggles with its finances. There is a possibility that if the United States imposes a $14 billion penalty over its mishandling of mortgages during the 2008/09 crisis, the bank could be pushed to the brink of a collapse. There have been rumors that the government and the ECB are preparing for contingent measures to assure that the bank remains afloat. While we didn’t want to dive into the details of an individual stock as it's beyond the scope but it was important to point out and we will again that Deutsche is the biggest German lender and weakness in it somewhat reveals the precarious state of the banking system in Europe.
While Mr. Draghi refused to blame lower rates for causing stress in the banking system, the big chunk of the share price decline that came after the introduction of negative rates. And Deutsche isn’t the only one. Another mega German bank, Commerzbank is suffering from a similar kind of a balance sheet. The bank has scrapped its dividend payments for this year and about to cut its employee numbers by 20 percent at least.
