Deutsche Bank Facing Liquidity Risk Like Credit Suisse? Crypto Market To Reflect?
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.
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…
Also Read: Nasdaq To Offer Crypto Custody Services Soon Despite Regulatory Burden
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.
- Senators Reaffirm Commitment to Market Structure Bill After Meeting with Coinbase, Ripple
- How the Crypto Market Could React to the Next Fed Meeting on October 29?
- $1.68 Trillion T. Rowe Price Files for First Active Crypto ETF Holding BTC, ETH, SOL, and XRP
- Standard Chartered Predicts Bitcoin Could Drop Below $100K Amid U.S.–China Trade Tensions
- Rising Demand for Verifiable Crypto Ownership Drives Launch of Trezor Safe 7
- XRP Price Classical Pattern Points to a Rebound as XRPR ETF Hits $100M Milestone
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
- Pi Network Price Wedge Signals a Rebound as Key Upgrades Raise Utility Hopes
- Solana Price Eyes $240 Recovery as Gemini Launches SOL-Reward Credit Card
- XRP Price Prediction Amid Evernorth’s $1B XRP Treasury Plan – Can XRP Hit $5?
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
