"Deutsche banks shares are plunging again in morning European tradings. It’s 4:13 AM in Chicago, but Germany is seven hours ahead making it 11:13 AM in Germany.
Deutsche Bank shares today set yet another record low in price. The Telegraph reports Deutsche Bank rout deepens: Shares plunge below €10 for first time ever.
What is going on?"
Mish has good analysis, and links, read it all.
"What the Hell is Going On?
I do not know precisely, nor does anyone else. It could be exposure to Italian banks. It could be other counter-party risks. It could be a derivatives problem.
It could be Deutsche Bank’s derivatives book is so massively tangled that the bank itself is clueless where it stands.
But it is 100% clear that something major is wrong.
Regardless of what is wrong, this is the key question: Is a Depositor Bail-In Coming Up?
Get Out of German Banks Now!"
Agreed, I don't know what the problem is, but why take a chance, whether investor, or depositor, leave now.