by Pam Martens and Russ Martens
Wall Street on Parade
JPMorgan Chase’s stock has lost 27 percent of its market value year-to-date through its June 29 closing price. But more disturbing than that is the above chart showing that the behemoth German lender, Deutsche Bank, has been trading like a clone of JPMorgan Chase for the past two months. Deutsche Bank’s stock price is down just one percentage point more than JPMorgan Chase year-to-date. JPMorgan Chase is the largest federally-insured bank in the United States.
Looking like one is tied with an umbilical cord to Deutsche Bank has its perils on Wall Street. Let’s start with the raids on the Deutsche Bank’s headquarters, two of which coincided with dead bodies turning up.