The Frankfurt money house was hit hardest by the slide in bank shares before the weekend.
(Photo: AP)
How could this happen? Even experienced traders and bankers looked stunned at the price chart of Deutsche Bank last Friday. At the low point, the shares of the Frankfurt money house were almost 15 percent in the red, the biggest loss since the outbreak of the pandemic in spring 2020.
The question quickly arose – especially on social media: is the next domino in the international financial system to fall after the severe Credit Suisse crisis?
It is clear that Deutsche Bank has made significant progress in recent years. Unlike the big Swiss bank, Frankfurt is making profits and earning adequate returns again.
In addition, they have proven in recent years that they have their risks well under control. There is no plausible reason to fear an existential crisis.
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