Crypto News: The German multinational bank, Deutsche Bank AG on Friday sent another shockwave in the traditional trading market when its shares price registered a decline of around 13%. However, Deutsche Bank AG’s (ETR: DBK) share price now stands at $9.16. This decline led to triggered panic mode among investors as the industry recently witnessed the collapse of several banks in a similar manner.
Deutsche Bank Liquidity Strong?
The analysts seem to be confused for now as the Deutsche Bank has been posting profits for 10 consecutive quarters and holds strong capital that can be in danger. However, it can be termed that the bank might be the next target of the ongoing trend in the market.
At this point, market participants should look for the liquidity report of a bank they have invested in. This will lead them to check whether the bank will be able to pay all of their obligations when they land into trouble.
Bitget is a Leading Derivatives Trading Platform. Sign up & Trade Digital Asset! Join Now Ad
According to the Deutsche Bank’s recent disclosures, the institution’s liquidity Coverage Ration stood at 135% at the end of December 2022. Stats depicts that it is much more than the minimum requirement of 100%, while the bank holds enough liquid assets that can cover net cash outflows if required. Meanwhile, this figure stood at 145% in 2018.Read More Crypto News Here…
ADA Price Prediction: Demand Pressure at Key Support Hints Cardano Price Rally to Extend 12%24/7 Cryptocurrency News Arbitrum Price Prediction: Demand Pressure at $1.18 Encourage ARB Price Surge of 25% 24/7 Cryptocurrency News Shiba Inu Price Stuck in a Make-Or-Break Situation; Is this a Good Time to Entry?24/7 Cryptocurrency News XRP Price Prediction: Bull Trap Sets XRP Price on 8% Downside Risk24/7 Cryptocurrency News Top 3 Midcap Cryptocurrencies To Invest Before 2023 Bull Run Begins24/7 Cryptocurrency News
As per reports, Deutsche Bank’s Liquidity Coverage Ratio for its U.S. based entity stood at 141% at the end of December 2022. The latest LCR is yet to be disclosed. However, the German Bank’s funding sources are much more diversified compared to Silicon Valley Bank.
