DEUTSCHE BANK HANGS BY A THREAD ON EVE OF JUBILEE

Jon Alternative Media, Blogosphere, Economy

Nearly a year ago to the day, on September 28th, we wrote ‘Will Deutsche Bank Be This Cycle’s Lehman Brothers?’
In it we asked, ‘In 2008, the financial crisis was set-off by the collapse of Lehman Brothers. Could this year’s crisis be caused by a collapse of Deutsche Bank?’
The day after the end day of the Shemitah in 2015, on September 14th, Deutsche Bank announced that it was laying off 23,000 employees, about 25% of its workforce.
At the time, it was trading around $26 per share.
Now, on the eve of the end of the Jubilee Year, Deutsche Bank was down another 7% on Thursday and is now at an all-time low near $11.50.

This post was published at Dollar Vigilante on SEPTEMBER 30, 2016.