
Deutsche bank suffers turbulent week
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Deutsche Bank faces financial challenges due to a €14 billion fine from the US Department of Justice, causing a drop in share prices and investor confidence. CEO John Cryan reassures staff of the bank's stability, citing strong liquidity reserves. The situation draws parallels to the Lehman Brothers collapse, highlighting the potential for a financial crisis if market confidence wanes. Despite Angela Merkel's reluctance, the German government may need to intervene to stabilize the bank, given its significance to both the German and global economies.
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