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Deutsche Bank shares tumble as fresh banking sell-off grips Europe and US – business live

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Stock markets and oil fall amid fears over Germany’s biggest bank

, chief investment officer at Zaye Capital Markets, has sent us his thoughts on Deutsche Bank.

Deutsche Bank has made the unexpected statement that it would redeem its tier 2 subordinated bonds in an effort to reassure its depositors. Nevertheless, a major sell-off in Deutsche shares occurred when problems with the yield on its AT1 bonds emerged. There hasn’t been a single event or development that can be pinpointed as the cause of the significant shifts in the DB’s CDS, but if this bank fails, Credit Suisse’s failure size will very much look like SVB’s collapse. This is because DB is too big to fail, and if this goes to a bailout situation, it will pave the way for many more in the very near future.

 

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