Deutsche Bank AG (DB)

[fromtheuk]

Keep an eye on Banco de Sabadell SA this week

It’s the bank most exposed to Italy debt, and dropped about 20% last week.

I am aware of some fines been imposed due to an IT failure, but that would not have such a big impact.
I can’t find any reports on the reason for the drop, but have to assume it’s related to Italy going into recession, and the bonds spiking.

If Italy comes back into play, expect DB to be hit as well

Good chance Italy may be going into an early Election as well with a view to return a fully right wing populist government. If that happens, the bonds will go through the roof.