In addition to 100s more job cuts, Deutsche Bank stock is tumbling on the back of Bloomberg reports that the German government isn’t in talks with the U.S. Department of Justice over Deutsche Bank.
- There are no talks taking place with the DoJ, German government official says on customary condition of anonymity
- German government has always made clear that this is about talks between the U.S. authorities and Deutsche Bank: official
And the reaction is a heavy volume dump...
Is the short-squeeze stock party over?
If Cryan comes home empty-handed, Germany is going to need another bank holiday on Monday.