Deutsche Bank Crashes After Fed "Secretly" Put US Operations To "Troubled" Watchlist

It was already a terrible week for Germany's largest bank, when the Italian turmoil sent its stock price below €10 for the first time since the bank's existential crisis in the fall of 2016, and it just got worse this morning, following reports that the Federal Reserve has designated Deutsche Bank U.

S. operations to be "troubled condition" which the WSJ said wasa rare censure for a major financial institution and is being reflected in its price this morning, which is now down over 5%, at €9.35, and rapidly approaching the all time low of €8.834 hit in September 2016 when speculation was rife that Germany would bail out Europe's largest lender.