"The mother of all evil is speculation--leveraged debt."
--Gordon Gekko (Wall Street: Money Never Sleeps)
Deutsche Bank (DB) is in the spotlight as shares hit 20 yr lows on the back of concerns about adequate capital.
DB has been the target of US probes into the 2008 credit collapse Moreover, it has seen money-making opportunities decline as interest rates have declined.
Equity is shrinking, but market cap still stands at ~$15 billion which, given DB's leverage, suggests to me that it can still fall a long way.
The Lehman analog still seems appropriate, particularly given that it was 8 yrs ago this month that LEH disappeared.