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Deutsche Demolition Derby: Deutsche Bank And Commerzbank Plunge To All-time Lows

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

Watching the giant German banks, Deutsche Bank and Commerzbank, are like watching the “Bangers” in the Bob Hoskins film “The Long Good Friday.” That is, a demolition derby.

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Today, both Deutsche Bank and Commerzbank fell to all-time lows.


Here is a view from 1989.  While Commerzbank rallied back after the financial crisis “ended,” both Deutsche Bank and Commerzbank have not recovered.


On the US side of the Atlantic, the top 4 banks (Wells Fargo, Bank of America, Citi and JPMChase) all have experienced a bad day after the news about Wells Fargo keeps getting worse.


Wells Fargo CEO John Stumpf must be saying O-ho the Wells Fargo wagon is a-comin’ down the street,
Oh please let it be for me! SOMEONE ELSE!!!!!”

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