European banks in turmoil

A new European bank in turmoil. Friday, March 24, in the morning, Deutsche Bank saw its stock market share collapse in a few hours, down to -12%. After the rescue in extremis of Credit Suisse, the fall of the American bank SVB continues to have repercussions on the markets. Benoit de Broissia, economist, analysis: “Deutsche Bank is also quite present in the US real estate market. It turns out that the big funders […] are regional banks that have been weakened by the SVB episode.“

Resistance tests

On the stock market, Friday March 24, many banks fell, up to -7% for Société Générale. However, the specter of a major crisis like in 2008 would not be on the agenda. European banks are much more controlled today. Maxime Chipoy, president of MoneyVox, explains: “Deutsche Bank and other banks […] pass stress tests that imagine scenarios to see how banks resist and today all banks resist.At the close, Deutsche Bank shares rose slightly to end at -8.5% for the day.