Deutsche Bank Is Victim of Irrational Market, Citi Analyst Says
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Deutsche Bank AG shares plunged the most in three years on Friday, suggesting that a week of soothing words from central bankers and politicians have failed to calm broad worries about the financial sector.
As observers tried to explain the move, analysts at Citigroup Inc. said it may be down to an “irrational market.” While that’s a concern in itself, even more worrying is the risk that negative views spiral out of control and become a self-fulfilling prophecy.