Are Deutsche Bank and Charles Schwab Actually in Trouble or is it Just Doomporn?
The Breakdown
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Introduction
This week is kicking off much the way the last one ended, which is of course to say that all eyes are on the global banking crisis and the potential fallout of some decisions made last week. The market had priced the chance of a 25 basis point hike at about 73%. While that sounds like consensus, it was actually the lowest conviction the market had had around a rate hike prediction in quite some time. Over the weekend, we definitely saw some wobbles with Deutsche Bank stock ending the final trading day of the week down 8.5%, marking its third consecutive day of losses.
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Transcript
