After Crashing, Deutsche Bank Is Forced To Issue Statement Defending Its Liquidity

The updated information in question:

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As a reminder, the last time serious "developed market" banks had to publicly defend their liquidity, the result was a multi-trillion taxpayer bailout.

However, there is probably some time before that happens: first German regulator Bafin will likely ban short selling in Deutsche Bank shares. That always is the first step in the endgame.

For now, however, the market is no longer asking questions but merely selling: Deutsche CDS has entered the dreaded "viagra" formation at 245 bps and going vertical.

(Click on image to enlarge)

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Moon Kil Woong 5 years ago Contributor's comment

Deutchbank will be just the first of many before its over. Thanks for the article. I agree it will take time, but time is running out even for US banks that bet big on derivatives, high yield and junk bonds, oil, and the stock market. Banks should abide by Glass Stegall willingly for their own sanity and safety. However, CEO's greedy for bonuses put their whole bank at dire risk systematically. They should not just be fired, they should be banned from the industry en mass.