INVESTORS SHOULD CHECK THEIR PORTFOLIOS TO MAKE SURE THEY DO NOT HAVE EXPOSURE TO DEUTSCHE BANK, ESPECIALLY NOW THAT ITS STOCK IS GETTING CLOSE TO PENNY STOCK TERRITORY
We recently read an interesting article entitled “When Deutsche Bank’s Crisis Becomes Our Crisis”, written by Christopher Whalen dated May 6, 2019.
The article outlines the severe problems in the European banking space and highlights Deutsche Bank as a chronically underperforming bank. We believe some of this is due to bad management, but some relate to the ongoing corrupt culture in the banking system as evidenced by the more than $15 billion that European banks alone were fined over the past seven years related to money laundering and other wrongdoing.
If you take a look at the long-term stock price of Deutsche Bank stock, you will see it has been on a long painful slide downward for the past decade and is now closing in on penny stock territory.
While it is hard to predict whether Deutsche Bank will continue its slide downward and harder to predict the exact ramifications of such a slide, it is fairly easy to predict that a further slide will have an impact on investors with exposure to Deutsche Bank as well as the world economy.
Vernon Litigation Group has raised repeatedly raised concerns for investors, especially structured note investors, in Deutsche Bank for the past several years:
Deutsche Bank Structured Notes Are Actually Unsecured Loans
Ongoing Concerns For Investors In Structured Products Backed By Deutsche Bank
Why I Would Not Want Deutsche Bank Structured Notes in my Portfolio
ABOUT VERNON LITIGATION GROUP
Vernon Litigation Group’s investigations and advocacy on behalf of investors related to structured notes have been featured in Forbes, Barron’s, and AARP. Vernon Litigation is a team of financial litigators in Naples and Atlanta that represent clients in courtroom litigation, arbitration, and negotiations throughout the United States. Our lawyers represent investors in federal court, state court, mediation, and arbitration (including FINRA, JAMS, and AAA arbitration).
For more information, visit our website at vernonlitigation.com or contact Vernon Litigation Group by phone at (239) 319-4434 or contact Brooke Sandoval-Banker at bsandovalbanker@vernonlitigation.com.