$DB is under pressure today, which is putting pressure on the overall market, on a report that states clients are reducing collateral on trades. It looks like CDS fears are back, and responsible for the market drop just after lunch.
The stock is down 7% on the news. Let’s see if we can hold Monday’s low of 11.23:
this just in: DEUTSCHE BANK SPOKESMAN SAYS CONFIDENT THAT VAST MAJORITY OF TRADING CLIENTS UNDERSTAND GROUP HAS STABLE FINANCIAL POSITION
New lows, even on that positive note.