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.
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