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A rough wind always blows through Frankfurt’s high-rise canyons, but at the end of March a storm even raged for a short time. Right in the middle: Deutsche Bank, whose share price plummeted after short sellers targeted it. Within three weeks, it lost a quarter of its stock market value, and even Chancellor Olaf Scholz (SPD) felt compelled to express his confidence in the institute in order to bring calm back to the agitated market. The Dax had long since reacted. The leading German index fell by 400 points to below 15,000 points in the turbulent days of March. It had only just recovered from its October low and had almost worked its way up to its all-time high.
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