Will Deutsche Bank Be The Next Lehman Brothers?
One of the leading banking institutions in the world, Deutsche Bank, is under steep pressure, as word circulated that the U.S. Department of Justice is seeking to impose fine and penalties on the German banking giant in the range of $14 billion. The assumption that the bank’s liquidity would be insufficient to meet such a liability, which DOJ is looking to impose on Deutsche Bank due to its mortgage securities shenanigans during the global financial collapse of 2007-08.
Stock prices for Deutsche Bank shares have undergone massive volatility. Undoubtedly there is much pressure on DOJ to slash the fines and penalties it is seeking from Deutsche Bank to a fraction of the $14 billion being floated. It is likely that DOJ will compromise, as everyone fears the counter-party risks if Deutsche Bank goes under. However, even with a reduced DOJ penalty, there may be other shoes about to drop at Deutsche Bank, which dues to its size, threatens the global financial system with a Lehman-like meltdown.
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