Known Unknowns: Why Deutsche Bank had global markets swooning this week

Mr. Market is telling investors quite a lot about the Deutsche Bank situation. Most important, he’s saying that this isn’t yet a Lehman situation.

After plunging to single digits for the first time ever, shares of the troubled German lender bounced back with a vengeance on Friday after unconfirmed rumors that it was on track to settle a fine related to its mortgage business for substantially less than initially feared.

In Frankfurt, Deutsche Bank shares DBK, +6.39% ended the day with a 6.4% rise at €11.57. U.S.-listed shares DB, +13.50% have extended an early bounce and are up a whopping 14%, helping fuel a broader rebound for U.S.

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