The problems at Deutsche Bank have not been addressed and it remains in serious trouble.
.@DeutscheBank’s stock struggled today after an increase in pricing for its credit default swaps, adding to anxiety surrounding the global banking system.
Shares of Deutsche Bank dropped by 11% on the bank's third day in a row declining in value. https://t.co/6r6dYHhovG
— Washington Examiner (@dcexaminer) March 26, 2023
They put sanctions on Russia thinking it would destroy Russia’s economy but the sanctions ended up destroying the West’s economy.
The sanctions were designed to crash Russian banks, but it is the big Euro-American banks that are failing.
-Deutsche Bank 13% ⬇️
-Commerzbank AG 8.5% ⬇️
-UBS Group AG 8.13% ⬇️😂😂😂 pic.twitter.com/NIyu4zPsWo
— Richard (@ricwe123) March 25, 2023
There is still no plan on what to do with Deutsche Bank. I have a hard time believing that they’ll let it collapse so they’ll likely create gazillions more euros, dollars or whatever to try and keep it solvent.
That’s just an educated guess though. It is impossible to totally predict what these people will do next. The only thing that is certain is that this entire system is in awful shape and there is no sign that things are going to improve in the short term.
