Baking giant in global
arena Deutsche Bank is staring at collapse given justice department potential
fine of $14 bn. The fine is connected with toxic mortgage selling in and around
2006 - 2007 leading to financial crisis in 2008.
Post potential news the share
price tumbled and currently trading at 11.57 euro after hitting 33 year low of
9.90 euro. The price recovered post another news that the fine will be around
5.5 billion $.
Investor should take advantage of
this situation and aggregate shares at lower price.
In my point of view Deutsche bank
may get out of the situation at much lower fine as Justice Department also
understand that any instability in financial market will push US into another
crisis
Disclaimer: Consult your
financial advisory before investing
Golden opportunity
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