The Dow Jones Industrial Average rallied today as banks stocks recovered, with Deutsche Bank among the gainers.
DB
Deutsche Bank Ag
3 Stocks on Death Watch in October
These three stocks are on death watch in October, so be sure to avoid them.
There's a high likelihood these companies will fail, and any investors caught unaware will get pummeled.
Merkel Says "Nein" to Deutsche Bank Bailout - Here's How to Prepare for What's Next
The U.S. Department of Justice announced it's seeking a record $14 billion penalty against Deutsche Bank in relation to mortgage securities fraud in the run up to the global financial crisis that's roiled markets since 2007.
Another naughty bank, another big fine. Regulators quietly charge banks and financial institutions with rules and policy violations all the time. Most of them are settled just as quietly after a bunch of legal wrangling, without causing so much as a blip in the headlines.
So what's the big deal?
Well, Deutsche Bank is facing a $14 billion fine at a time when the bank has "litigation reserves" of just €5.5 billion ($6.17 billion). It simply doesn't have the cash on hand to pay just the penalties sought by U.S. regulators as it stands today.
What's more, that $14 billion fine stems from just one of the more than 7,000 ongoing legal cases, according to The Guardian.
These problems are bad, but they pale in comparison to the problem no one's talking about...
Dow Jones Industrial Average Today Falls as Deutsche Bank Rattles Global Investors
The Dow Jones Industrial Average fell today as one of the world's largest banks, Deutsche Bank, hit an all-time low.
Dow Jones Industrial Average Today Rallies After OPEC Meeting Deal
The Dow Jones Industrial Average rose today after Fed Chair Janet Yellen's testimony before Congress and news of a new OPEC deal.
We're on the Cusp of Repeating the 2008 Financial Crisis
Will Deutsche Bank's downfall cause a crash similar to the 2008 financial crisis?
If it refuses to take a bailout, then yes – it most certainly will.
Janet Yellen Testimony: What Investors Need to Know Today
At 10 a.m. today (Wednesday), Federal Reserve Chair Janet Yellen will address the House Financial Services Committee on the topic of financial regulation.
Markets were trading cautiously ahead of the Janet Yellen testimony.
Dow Jones Industrial Average Today Climbs as Deutsche Bank Bailout Begins
The Dow Jones Industrial Average today is climbing on news that Deutsche Bank may receive a bailout from the German government.
You would think this is terrible news for the DB stock price, but it's actually up before the opening bell.
DB Stock Hits a Record Low (and Our Puts Are Up 166%)
After DB stock fell below $12 this week, our readers cleaned up 166%. It's not too late to play Deutsche Bank's fall.
Here's how to get in on these profits now...
Deutsche Bank Stock Analysis: How We Made 166%
This year has not been kind to Deutsche Bank AG (NYSE: DB) stock. And that's putting it mildly.
Shares are down a punishing 50.60% year to date. Still, we made 166% with our Deutsche Bank stock analysis.