Detusche Bank as a roller coaster: first the drama, then euphoria – the Polish Radio

market Concerns about the stability of the Deutsche Bank is connected with intention of the Ministry of justice to recover from him the penalty of up to $ 14 billion in exposure to their customers at a loss, offering them the toxic assets associated with the mortgage market.

Deutsche Bank: the confusion started on Friday morning

Deutsche Bank is trying on reducing this amount, but in case you need to pay it in full, you will have to seek the support of investors. The German government denied on Wednesday the reports of the weekly “Die Zeit”, which was taken into account to participate in an assistance program.

In his letter Cryan accused speculators from the stock market problems of the Bank, pointing out that in the market there are forces that want to undermine its credibility. “Our challenge now is to make this altered perception had a stronger impact on our daily activities,” he said.

the Bank’s Actions: the rides

Trade stocks Deutsche Bank took place on Friday, remains under the sign of nervousness. On the stock exchange in Frankfurt am main their rate first fell 8 percent, to a record low below 10 Euro, to ultimately grow to 11.57 euros, which is 6.39%.

this is Due to the soaring market rumors of an impending deal on the basis of which resort of justice to reduce the penalty to $ 5.4 billion.

the size of the trade debt of Deutsche Bank has increased this week more than two times, and in the past month fifteen times, which indicates the desire of investors to wyzbywania its bonds.

As reported by Reuters, citing people familiar with the matter, in the last two days a large Asian Fund hedgingowy resigned from Deutsche Bank on its assets. According to other sources did, also another company, but on a smaller scale.

Chairman of the Board calms: we have 215 billion euros of reserves

In his letter Cryan tried to portray it in a broader perspective. “We need to see the whole picture,” he wrote, adding that the Bank has more than 20 million customers and more than 215 billion euros of reserves. “We were and remain strong Deutsche Bank,” he said.

PAP, jk