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Chart: Deutsche Bank's Trump jump

Theron Mohamed

Chart: Deutsche Bank's Trump jump

Shares in Deutsche Bank (Ge:DBK) nose-dived after the US Department of Justice (DOJ) slapped the German banking titan with a $14bn (£11.2bn) fine in September. But they surged 18 per cent in four days after Donald Trump was elected, as our chart shows. The troubling implication, according to right-wing commentator David Frum, is that investors believe the president-elect will waive the penalty as Deutsche Bank is one of the biggest lenders to his business.

 

Trump recently chose senator Jeff Sessions as Attorney General, the top position at the DOJ, and could conceivably ask him to reduce or scrap the fine. The worry for international investors will be that the incoming president could interfere in all manner of corporate regulation to further his business interests.

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