EU, US Stocks Slide After Deutsche Bank Default Risk Spikes To Record High On Bogus ‘Deal’ Hype

EU, US Stocks Slide After Deutsche Bank Default Risk Spikes To Record High On Bogus ‘Deal’ Hype:

Following confirmation over the weekend that the rumors were false of a lower-priced ‘deal’ with The DOJ somehow saved Deutsche Bank from its potential liquidity crisis; Deutsche Bank assets are notably marked down this morning. Despite Germany being closed, Credit markets are trading in the US and Europe with CDS spiking to new record highs (extending Friday’s decoupling).

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