WSJ – Shares of Germany’s Deutsche Bank AG (DB) remained pressured Monday, as fears of new woes for investment banks hit the market after fraud allegations were raised in the U.S. against Goldman Sachs (GS).
“The market is likely to try to identify underwriters that may have taken a similar route,” wrote Bernstein Research analyst Dirk Hoffman-Becking. “We take a dim long-term view on European banking stocks in general and investment-banking driven stocks in particular.”
