Deutsche Bank is rebounding (DB)
|09/30/2016||Posted by BusinessMediaguide.Com under General World News||
Deutsche Bank is rebounding.
After sinking to an all-time low on Thursday, US-traded shares of Deutsche Bank are up over 6% in trading on Friday.
The last two weeks have been troubling for Deutsche. After a report that the bank may be subject to $14 billion in fines by US regulators over bad derivative products from the financial crisis, shares of Deutsche began a tailspin. Additionally, rumors of a bailout — or lack thereof — from the German government and decreasing exposure to Deutsche by hedge funds haven’t helped.