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JANE BURGERMEISTER REPORT:’Deutsche Bank’s shares fall amid Greek eurozone exit plans’

Deutsche Bank’s shares fall amid Greek eurozone exit plans

Jane Burgermeister | May 7, 2011 at 10:55 am | Categories: Uncategorized | URL: http://wp.me/puNtl-1dt

Deutsche Bank Plunging On Greek Debt Worries (DB)

By Jonathan Chen
Benzinga Staff Writer

Read more: http://www.benzinga.com/trading-ideas/long-ideas/11/05/1064624/deutsche-bank-plunging-on-greek-debt-worries-db#ixzz1LexQEhNb

Shares of Deutsche Bank (NYSE: DB) are down more than 2% on news that Greece may leave the Eurozone.

German banks, including Deutsche Bank , hold the majority of Greece paper, and if the Greeks leave the Eurozone, Greek paper would almost certainly blow up. At last check, 7,353 puts on Deutsche Bank have traded, which is more than 12 times its average daily volume.

Common stock is down $1.37 to $60.55, a loss of 2.2% on 1.5 million shares.

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services.

Read more: http://www.benzinga.com/trading-ideas/long-ideas/11/05/1064624/deutsche-bank-plunging-on-greek-debt-worries-db#ixzz1LexN6dST

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May 7, 2011 - Posted by | Fighting corruption internationally, Internationally significant information, Jane Burgermeister Report

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