Andreas
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Andreas in Insider trading,

Is Deutsche Bank the next Lehman?

Amid numerous rumors that Deutsche Bank is among the corporations exposed to the VW fiasco, and to be clear there is no news to confirm that, DB has just kitchen-sinked it in a pre-announcement:

-Deutche Bank sees 3Q net loss EUR 6.2B

-Deutche Bank to recommend dividend cut or possible elimination

Deutsche Bank stock is crashing down around 6% after-hours on the news.

Looking back at the Lehman Brothers collapse of 2008, it’s amazing how quickly it all happened. In hindsight there were a few early-warning signs, but the true scale of the disaster publicly unfolded only in the final moments before it became apparent that Lehman was doomed.