Debtfree Issue 202303 - DB SE
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Even though the bank had lots of assets and<br />
plenty money in the vaults, the market was<br />
very nervous after the demise of two big<br />
American banks (one of them being Silicone<br />
Valley Bank) and reacted with panic. This sent<br />
the bank’s shares into freefall, losing 30%<br />
value in one day.<br />
That huge and sudden drop made investors<br />
and other clients panic even more! Eventually,<br />
the Swiss banking regulators had to get<br />
involved and brokered a big deal to get<br />
another bigger bank to buy them.<br />
The buy-out deal had some unusual decisions<br />
that have made certain types of bond holders<br />
worldwide very angry and others very nervous.<br />
That chaos is still going on.<br />
Photo by Roland zh used under Creative Commons Licence
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