Deutsche Bank is in very deep doo-doo. Management shake-ups, mass lay-offs, plummeting stock.
Exceptionally exposed to derivatives - in the trillion$.
Derivatives, of course, are all heavily leveraged between many key banks. If Deutsche crumbles, most of the world’s TBTF (too big to fail) banks will follow suit. I don’t foresee central banks bailing them out. The Fed alone would probably have to create 100 trillion dollars out of thin air - instantly. This will be a financial nuclear explosion that could likely collapse the fiat money system as we know it.
Why?