Anyone waiting for a government rescue of Deutsche Bank shouldn't expect one just yet.
The consensus of analysts who spoke with CNBC is that no government rescue is imminent, or even necessary yet, for the imperiled German financial institution, despite Deutsche Bank shares hitting all-time lows Monday. The stock was down 1 percent Tuesday.
"I don't think the share price per se is going to be the deciding factor in this," said Piers Brown, a London-based analyst at Macquarie, which has an underperform rating on the stock.
The German government view is that Deutsche Bank is "adequately capitalized," he said, especially given that it passed a stress test from the European Banking Authority this summer. "I don't think there's any basis for them to step in."
German Chancellor Angela Merkel has ruled out state aid for the country's largest lender, Germany's Focus magazine reported Friday, citing government sources. The report heightened investors' concerns that the bank cannot pay a U.S. Department of Justice demand for $14 billion to settle claims related to the bank's selling of mortgage-backed securities. Deutsche Bank shares fell 7 percent in New York trade Monday to $11.85, far below the 2009 financial crisis low of near $18 a share.