Deutsche Bank's shares traded at an all-time low Monday just weeks after talks with Commerzbank failed. Now bank officials, facing fresh investor doubts about the lender’s ailing investment bank and overall strategy, are bracing for a barrage of criticism from shareholders at the bank’s annual meeting Thursday in Frankfurt.
Shares hit a new intraday low of €6.617($7.382) in early afternoon Frankfurt trading. On Tuesday morning they fell further to €6.59 before recovering. Deutsche Bank shares are down 39% in the past year as it loses market share while battling to stem compliance failures and high costs. German officials have fretted over its ability to compete on its own, potentially hurting Europe’s biggest economy, which itself is under pressure.