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Shares of Deutsche Bank hit record lows this week on mounting concerns about the survival of the struggling German lender.
In the past two weeks, it has been hit with billions in fines from the U.S. Justice Department and reports that the German government won't be helping the ailing bank.
Since a peak in July 2015, shares have fallen more than 65 percent and the stock has erased more than half of its market value, from nearly $50 billion to about $16 billion this week. Meanwhile, net revenue fell almost 21 percent in the first half of this year from last year, according to the company's interim report.
A major concern for global markets about Deutsche Bank is its deep connections to global financial institutions, which has some investors fearing a larger bank crisis, though analysts continue to indicate that the situation is nowhere near so dire.
Here are the key points of the accelerating crisis from over the last 18 months:
June 2015 — John Cryan, formerly chief financial officer of UBS, is appointed co-CEO.
October 2015 — Cryan announces details on a restructuring program called Strategy 2020 that includes a suspension of dividends on common equity, job cuts and exits from 10 countries.