Deutsche Bank shares have taken a severe hit, with a 20% drop in value this month, leaving investors concerned about the bank’s financial stability. The German bank’s shares have been on a downward spiral, with an 8.8% decrease for Deutsche Bank and an 8% drop for Commerzbank by mid-afternoon in Frankfurt.
Investors’ fears have been fueled by the recent news that Deutsche Bank failed to settle with the U.S. Justice Department regarding investigations related to mortgage securities. This lack of resolution caused shares to slide nearly 9% in London trading, dropping to around 8.5 euros per share.
The ongoing legal battles faced by Deutsche Bank have left investors feeling uncertain about the bank’s future. The bank’s leadership will need to navigate a difficult path forward to regain the trust of investors and stabilize the company’s financial position.