It was all for show, apparently. The AFP has leaked a rumor that stating the DOJ and DB have agreed upon a settlement of $5.4b, significantly below the fictitious number of $14b originally put out there.
With $6.2b in reserves for this claim, the big Germany idiot bank just cut themselves a sweet heart deal — which is sending the shares skyrocketing higher.
No wonder why the CEO and the German govt were so relaxed over the situation. The fix was in the whole time. Shorts ate it up and are now being devoured whole.
It took big balls to get long or short this trade. Markets are celebrating this ‘victory’ with a +180 showing.
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so about 30% of market cap … So they got that goin’ for them ….
Panick buy. DB is doomed.