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☆ What’s Going On at Deutsche Bank?
▼ + stars: | 2023-03-24 | by ( Quentin Webb | Caitlin Mccabe | ) www.wsj.com time to read: 1 min

Deutsche Bank, Germany’s largest lender, is one of 30 global systemically important banks that regulators monitor more closely. Deutsche Bank AG stock tumbled Friday, and the cost of insuring the lender’s debt against default leapt to multiyear highs, in the latest sign of investor nervousness about global banks. What is Deutsche Bank and why does it matter? The bank is Germany’s largest lender, with total assets of about 1.337 trillion euros, or about $1.448 trillion, at the end of last year. It employs nearly 85,000 staff across 58 countries and is one of 30 global systemically important banks that regulators monitor more closely, in order to safeguard financial stability.

☆ Deutsche Bank Stock Tumbles on Contagion Fears
▼ + stars: | 2023-03-24 | by ( Patricia Kowsmann | Anna Hirtenstein | ) www.wsj.com time to read: 1 min

Shares of Deutsche Bank fell as much as 15%, though they later regained some ground. Investors sparked a furious selloff in Deutsche Bank AG and thrust one of Europe’s most important lenders into the center of concerns about the health of the global financial system. Shares of Germany’s largest lender tumbled as much as 15%, their third consecutive day of losses, though they later regained some ground and were recently down 10%. The cost to insure against its default using credit-default swaps soared to their highest levels since 2020.

☆ Deutsche Bank and the Ghost of Crisis Past
▼ + stars: | 2023-03-24 | by ( Stephen Wilmot | ) www.wsj.com time to read: 1 min

The dynamic surrounding Deutsche Bank is different than Credit Suisse, but it is still perilous for the German company. Deutsche Bank resembles neither Credit Suisse nor Silicon Valley Bank. Yet it is still vulnerable. Shares in the German lender fell about 10% Friday in a sign that worries about European banks are spreading beyond Credit Suisse. Deutsche Bank could be in focus for the same reason that Credit Suisse was until its cut-price rescue by UBS last weekend: Investors are wondering who might be next.

☆ Deutsche Bank Stock Falls on Contagion Fears
▼ + stars: | 2023-03-24 | by ( Patricia Kowsmann | Anna Hirtenstein | ) www.wsj.com time to read: 1 min

Investors sparked a selloff in Deutsche Bank AG and thrust one of Europe’s most important lenders into the center of concerns about the health of the global financial system. Shares of Germany’s largest lender tumbled as much as 15%, their third consecutive day of losses, though they later regained some ground and closed down 8.5%. The cost to insure against its default using credit-default swaps soared to the highest levels since 2020.

☆ Deutsche Bank is not the next Credit Suisse, analysts say as panic spreads
▼ + stars: | 2023-03-24 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

In this article 0H7D-GB Follow your favorite stocks CREATE FREE ACCOUNTA general meeting of Deutsche Bank Arne Dedert | picture alliance | Getty Imageswatch nowDeutsche Bank underwent a multibillion euro restructure in recent years aimed at reducing costs and improving profitability. German Chancellor Olaf Scholz told a news conference in Brussels Friday that Deutsche Bank had "thoroughly reorganized and modernized its business model and is a very profitable bank," adding that there is no basis to speculate about its future. 'Just not very scary' Some of the concerns around Deutsche Bank have centered on its U.S. commercial real estate exposures and substantial derivatives book. To be crystal clear - Deutsche is NOT the next Credit Suisse." 'Fresh and intense focus' on liquidity Credit Suisse's collapse boiled down to a combination of three causes, according to JPMorgan.

☆ It’s important to understand what an outlier SVB was, says fmr. WF CEO Dick Kovacevich
▼ + stars: | 2023-03-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt’s important to understand what an outlier SVB was, says fmr. WF CEO Dick KovacevichFormer Wells Fargo CEO Richard Kovacevich joins 'Squawk on the Street' to discuss the financial stability of the U.S. banks in light of the problems occurring at Deutsche Bank.

☆ Bank fears will likely lead to even more market volatility in the week ahead
▼ + stars: | 2023-03-24 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

Market turbulence could reign supreme once again in the week ahead, as investors worry about the potential for more trouble rippling through the banking system. The broader market was initially under pressure Friday as investors became jittery about Deutsche Bank . "The market is saying: 'You, the Fed, do not appreciate the slowdown that is going to hit us,'" Chandler said. "The market is going to do a lot better and it held onto its gains despite all the things that rocked the market. He added that market concern about banks has risen, and there is concern credit tightening will hurt the economy.

☆ Deutsche Bank's shares slide 8% as bets it will default on its debt soar
▼ + stars: | 2023-03-24 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

Deutsche Bank shares fell 8% in Frankfurt on Friday as fears about the health of big banks revived. The cost of credit default swaps linked to the German bank's bonds —insurance against default — shot up Thursday. Investors are fretting about the health of Europe's banks after Credit Suisse's rescue by UBS last week. The losses came after the cost of Deutsche Bank's credit default swaps — which are a form of insurance on it not making scheduled debt repayments — spiked to 173 basis points Thursday from 142 basis points the day before. Deutsche Bank shares have shed just under a quarter of their value this month alone, with Europe's embattled banking sector still rocked by Credit Suisse's rescue by UBS late last week.

Check out the companies making headlines in midday trading. GameStop -- The famed meme stock gained 2.5% in midday trading. The bank stock had been down about 14% after the bank's credit default swaps jumped without an apparent catalyst. Wells Fargo and JPMorgan — Shares of commercial bank giants were lower in midday trading, with Wells Fargo pulling back 2.3% while JPMorgan fell 2.2%. Activision Blizzard and Microsoft — Shares jumped 5% after the U.K. Competiton and Markets Authority dropped some of its concerns with the potential purchase of the company by Microsoft.

☆ Dow futures extend losses as European banks continue to slide
▼ + stars: | 2023-03-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDow futures extend losses as European banks continue to slideMike Santoli, CNBC Senior Markets Commentator, reports on how trouble at Deutsche Bank is hitting the wider stock market.

☆ European bank stocks: UBS, Deutsche sink as fear returns
▼ + stars: | 2023-03-24 | by ( Anna Cooban | ) edition.cnn.com time to read: +1 min

Europe’s Stoxx Europe 600 Banks index, which tracks 42 big EU and UK banks, fell 5% in morning trade. Last week, Switzerland’s biggest bank UBS bought its embattled Swiss rival for 3 billion Swiss francs ($3.25 billion) in an emergency takeover brokered by the Swiss government. The DOJ had sent subpoenas to those employees before UBS took over Credit Suisse, according to the report. “Contagion fears are not yet going away — bank shares are lower again this morning and weighing on broader sentiment. Yesterday we witnessed Deutsche Bank credit default swaps blow out,” Neil Wilson, chief markets analyst at trading platform Markets.com, said in a note Friday.

☆ Jim Cramer and David Faber discuss Deutsche Bank drama
▼ + stars: | 2023-03-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer and David Faber discuss Deutsche Bank dramaCNBC's Jim Cramer and David Faber report on Friday's biggest market-moving headlines: Deutsche Bank shares dragging on the financial sector, Activision shares rallying, and how tech stocks have been behaving like a safe haven.

☆ Deutsche Bank shares slide 9% after sudden spike in the cost of insuring against its default
▼ + stars: | 2023-03-24 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

A logo stands on display above the headquarters of Deutsche Bank AG at the Aurora Business Park in Moscow, Russia. Deutsche Bank shares fell by more than 9% in early trade on Friday following a spike in credit default swaps on Thursday night, as concerns about the stability of European banks persisted. Credit default swaps — a form of insurance for a company's bondholders against its default — leapt to 173 basis points on Thursday night from 142 basis points the previous day. Deutsche led broad declines for major European banking stocks on Friday, with Commerzbank , Credit Suisse , Societe Generale and UBS all falling more than 5%. After completing a multibillion euro restructure that began in 2019, with the aim of reducing costs and improving profitability, Deutsche Bank has reported 10 straight quarters of profit.

☆ Deutsche Bank shares whipsaw after CDS blow-out
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +1 min

LONDON/FRANKFURT, March 24 (Reuters) - Deutsche Bank shares (DBKGn.DE) dropped as much as 3.4% in Friday's premarket trade, after a sharp jump in the cost of insuring against the risk of default late the day before fuelled concerns about the overall stability of Europe's banks. Deutsche shares, which have lost a fifth of their value so far this month already, were last indicated up 0.9% in premarket trade on the Lang & Schwartz platform. They closed 3.2% lower on Thursday, while the bank's credit default swaps - a form of insurance for bondholders - shot up to 173 basis points from 142 bps the day before, according to data from S&P Market Intelligence on Thursday. This marks the largest one-day rise in Deutsche's CDS on record, according to Refinitiv data. Reporting by Amanda Cooper; Editing by Dhara RanasingheOur Standards: The Thomson Reuters Trust Principles.

☆ Jim Cramer on European bank troubles: Credit Suisse still has earnings power
▼ + stars: | 2023-03-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer on European bank troubles: Credit Suisse still has earnings powerCNBC's Jim Cramer and David Faber report on the banking crisis spreading to European firms like Deutsche Bank.

☆ The bond market is signaling concern over the economy, says The New York Times' Joe Rennison
▼ + stars: | 2023-03-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe bond market is signaling concern over the economy, says The New York Times' Joe RennisonBen White of Politico, The New York Times' Joe Rennison and former acting chairman of the Council of Economic Advisors Tyler Goodspeed, join CNBC's Brian Sullivan and 'Last Call' to discuss money being pulled from U.S. banks and whether Deutsche Bank is in trouble.

☆ This week's best performers include Regeneron and these two solar stocks
▼ + stars: | 2023-03-24 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Solar stocks Enphase and SolarEdge were also among the best performing stocks as investors continued weighing how the Inflation Reduction Act could boost solar companies. The average price target on the stock implies upside of 49.3% over the next 12 months. The stock's average price target implies it could rally 29.5%. Around three-fifths of analysts rate the stock a buy with a price target that implies a potential 16.7% rally. Technology stocks made up the majority of the list this week as investors bet growth stocks could benefit in an environment with lower interest rates.

☆ Deutsche Bank shares slide as cost of insuring against its default rises
▼ + stars: | 2023-03-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDeutsche Bank shares slide as cost of insuring against its default risesCNBC's "Squawk Box" reports on Deutsche Bank share sliding following a spike in credit default swaps. The German lender’s shares retreated for a third consecutive day and have now lost more than a fifth of their value so far this month.

☆ Silicon Valley Bank trouble brought more attention to other troubled banks, says Larry McDonald
▼ + stars: | 2023-03-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSilicon Valley Bank trouble brought more attention to other troubled banks, says Larry McDonaldLarry McDonald, founder of The Bear Traps Report, joins CNBC's 'Squawk Box' to discuss shares of Deutsche Bank sliding after credit default swaps spike.

☆ Deutsche Bank Selloff Sparks Contagion Fears
▼ + stars: | 2023-03-24 | by ( ) www.wsj.com time to read: 1 min

If a Grand Jury Votes to Indict Trump, Here's How It Could Play OutA New York grand jury could vote to criminally indict Donald Trump for his alleged role in a payment to a porn star, kicking off a process in which the former president would likely travel to Manhattan to face charges. WSJ’s Corinne Ramey explains where the proceedings could play out. Illustration: Preston Jessee

☆ Wall Street ends volatile week higher as Fed officials ease bank fears
▼ + stars: | 2023-03-24 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

"Wall Street is taking its cues from Washington and other capitals as it relates to interest rates and banking regulations." "The Fed may be jaw-boning a bit as it says more rate increases may be coming this year," JPMorgan's Carter added. Worries over potential contagion beyond regional banks threatening to spread to their larger peers was sparked by a sell-off of European bank shares. While the S&P Bank index (.SPXBK) ended modestly lower, the KBW Regional Bank index (.KRX) jumped 2.9%. Regional lenders PacWest Bancorp , Western Alliance Bancorp (WAL.N) jumped 3.2% and 5.8%, respectively, while First Republic Bank (FRC.N) dropped 1.4%.

☆ Cramer's First Take: Companies need to take action today before short-sellers come in
▼ + stars: | 2023-03-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCramer's First Take: Companies need to take action today before short-sellers come inCNBC's Jim Cramer discusses the growing bank crisis as shares of Deutsche Bank continue to slide.

☆ Watch CNBC's full interview with Marathon Asset Management's Bruce Richards
▼ + stars: | 2023-03-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Marathon Asset Management's Bruce RichardsBruce Richards, Marathon Asset Management, joins 'Squawk on the Street' to discuss European bank debt even as Deutsche Bank rattles the financial sector.

☆ Europe's leaders battle banking crisis as market rout hangs over Brussels summit
▼ + stars: | 2023-03-24 | by ( Silvia Amaro | ) www.cnbc.com time to read: +2 min

Ludovic Marin | Afp | Getty Imageswatch now"The euro area banking sector is strong because we have applied the regulatory reforms agreed internationally after the Global Financial Crisis to all of them," she said, according to EU sources. Geopolitics dominated the first day of talks, but the banking turmoil ended up being the focus for Friday. In the run up to the gathering, European officials had expressed their frustration with the lack of regulatory controls in the United States, where the recent banking turmoil first emerged. They have been nervous about potential contagion to their own banking sector, mainly as it's not been that long since European banks were in the depths of the global financial crisis. "The banking sector in Europe is much stronger, because we have been through the financial crisis," Estonia Prime Minister Kaja Kallas told CNBC Thursday.

☆ Our base case is one more hike in May, says Deutsche Bank's Brett Ryan
▼ + stars: | 2023-03-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOur base case is one more hike in May, says Deutsche Bank's Brett RyanBrett Ryan, Deutsche Bank sr. U.S. economist, joins 'Squawk on the Street' to discuss his projection for the Fed, and says he believes it will hike one more time at the May meeting.

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