, Columnists
Deja Vu for Deutsche Bank
This time, Cryan has only limited options to reassure investors.
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The last time credit markets were this bearish on Deutsche Bank, it took a hefty dose of shock and awe -- a debt buyback and eventually a fresh round of quantitative easing from the European Central Bank -- to calm investor nerves.
The problem today is that there are even fewer options left to do just that, not least because so much is out of the control of Deutsche Bank CEO John Cryan, including the eventual size of a U.S. fine that could total as much as $14 billion.