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Did the European tremors of the banking crisis end with Credit Suisse? Overnight, investors asked themselves that question about Deutsche Bank — and clearly thought otherwise. A big spike in credit default swaps shows at least heightened concern about the viability of this financial giant, and has stock markets worried that the worst may not yet be over:Deutsche Bank shares fell by more than 14% on Friday following a spike in credit default swaps Thursday night, as concerns about the stability of European banks persisted.The German lender’s Frankfurt-listed shares retreated for a third consecutive day and have now lost more...

DWS CEO Asoka Wöhrmann will leave the firm next week, citing the 'burden' placed on him and his family by allegations of greenwashing at the German asset manager. The chief executive of Deutsche Bank’s asset manager DWS Asoka Wöhrmann has resigned from the firm hours after police raided the companies’ offices over greenwashing allegations. The raids, which took place yesterday, saw a combined 50 officials from German regulator BaFin, the federal criminal police office and the public prosecutor’s office searching the Frankfurt offices of Deutsche Bank and DWS. Earlier today, Wöhrmann (pictured) announced that he would resign from the firm,...

Is something about to happen in Germany that will shake the entire world? According to disturbing new intel that I have received, a major financial event in Germany could be imminent. Now when I say imminent, I do not mean to suggest that it will happen tomorrow. But I do believe that we have entered a season of time when another “Lehman Brothers moment” may occur. Most observers tend to regard Germany as the strong hub that is holding the rest of Europe together economically, but the truth is that serious trouble is brewing under the surface. As I write...

Deutsche Bank is laying off 1900 people. 1500 of them are in the investment bank. Here's the press release. This news comes as Meredith Whitney's been chatting with Tom Keene on Bloomberg TV this morning, and just as she started explaining why she thought Wall Street's big banks would initiate massive layoffs (50,000, actually). Deutsche Bank's stock is shooting up, according to Bloomberg. That makes sense according to Whitney's thesis as she explained it to Maria Bartiromo last week— the market will reward banks that shrink their staff and their business.

Several Firefighters Injured Battling 5-Alarm Fire (CBS) NEW YORK -- A five-alarm fire in the abandoned Deustche Bank skyscraper sent a plume of gray smoke trailing above ground zero Saturday afternoon as fire trucks and police cars raced through lower Manhattan to reach a building already decimated by the Sept. 11 terrorist attacks. Two firefighters were critically injured while trying to reach the fire, which began about a dozen floors up in the tower left vacant since Sept. 11 turned it into a toxic nightmare, fire officials said. One firefighter suffered cardiac arrest and another smoke inhalation. A third suffered...

Deutsche Puts Two Mortgage-backed Trades on Leave New York, Nov. 26 (Bloomberg)-- Deutsche Bank AG placed two traders on administrative leave as it investigates mispricing of some of the firm's secondary trading positions of commercial mortgage-backed securities. Deutsche Bank placed Jake Markman and Paul Mashikian on administrative leave while the firm conducts the investigation, according to spokesmen Ted Meyer. The mispricing may result in more than $30 millions in losses, according to the report in Bond Week, which cited an individual with knowledge of the situation. The publication earlier reported that the two traders were placed on leave. Meyer said...