Josh Sigurdson talks with author and economic analyst John Sneisen about the latest news regarding Deutsche Bank.
Once one of the largest banks in the world, Deutsche Bank has been downgraded to that of a small lender. Their credit rating has also been downgraded in recent months and they’ve been forced to redo their living will test for the Federal Reserve.
Deutsche Bank’s talks with Commerzbank over a possible merger have also fallen through.
Now, shareholders are making sure that the top names at Deutsche Bank feel the heat as the share price continues to plummet, once again hitting record lows.
As we recently reported at the Deutsche Bank headquarters in Frankfurt, Germany, the bank isn’t long for this world and when it falls we can expect a massive domino effect, the likes of which we’ve never seen before.
In this video we break down what to expect from the crashing bank.