Foreign Stocks To Watch: Money-Laundering Danske and Declining Deutsche Bank

Foreign stocks in the news and to watch for the following week are listed below. Additional links for items of interest are also included.

  • Denmark’s Danske Bank(DNKEY) is involved in a massive money-laundering fraud at its Estonian branch. The CEO quit and the stock may suffer for months to come.
  • The German government is in favor of merging problem-ridden Deutsche Bank(DB) with Commerzbank AG.
  • Investors need to keep an eye on rising oil prices and oil stocks. The OPEC meeting held today in Algiers ended without any commitment to increase supply. Oil producers’ stocks may continue their upward trend.
  • Indian stocks plunged dramatically last week only to recover strongly on the same day. Banks were especially hit hard with some crashing as much as 50%.

Click to enlarge

Museu Nacional d’Art de Catalunya, Barcelona

Disclosure: Long DNKEY

Leave a Reply

Your email address will not be published. Required fields are marked *