The falls recorded by Deutsche Bank have raised concerns in the financial sector.
Deutsche Bank, one of the largest European banks, has faced several challenges in recent years.
From the financial crisis Since 2008, the bank has struggled to maintain profitability and has faced several financial scandals.
In 2019, the bank's shares suffered a sharp drop, which drew the attention of investors and the general public.
On Friday, the swarm spread to Wall Street at the opening of the session, as in Europe.
The strong falls registered by the Deutsche Bank raised concerns in the banking sector, forcing US Treasury Secretary Janet Yellen to constantly intervene to assuage concerns.
Reasons for the fall
the reason for the strong falls recorded by the Deutsche Bank
The reasons for the decline in Deutsche Bank shares are complex and multifaceted.
However, several important factors have contributed to the bank's downfall. One of the main factors is the decline in bank profitability.
Deutsche Bank has struggled to generate consistent profits in recent years, and many investors are concerned about its ability to maintain its position in the market.
In addition, Deutsche Bank faced several legal problems that affected its reputation.
In 2019, the bank agreed to pay a $16.2 million fine to US authorities. for violating the penalty laws.
The bank also faced an investigation into money laundering allegations related to suspicious transactions with Russian clients.
The fall of the shares of Deutsche Bank
Another factor contributing to the decline in Deutsche Bank shares was the exit of some of its top executives.
In 2018, the then CEO of the bank, John Cryan, was replaced by Christian Sewing.
The change in management led to a major reorganization of the bank, which caused uncertainty among investors.