The key question is: Can DB be saved once the dominoes start falling? Germans still remember the horrible inflation of the Weimar Republic. To bail out DB, the Germans would have to create trillions of Euros via the ECB - leading to what could end up being another hyper-inflation....
I am not thinking of a bailout as much as I am of them being propped up. Ain’t enough money to bail them out, so either they are propped up or a very carefully done bankruptcy to re capitalize them. Only time will tell what will happen. If they try a bail in I think the average German depositor will raise hell.
$100 billion in new capital and fewer idiotic regulations would fix DB.