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Fortune

Christiaan Hetzner

Deutsche Bank scare forces Germany's chancellor to urge investors not to panic

Deutsche Deutsche Bank Olaf Scholz Credit Suisse Germany Christian Sewing Greg Becker

German chancellor Olaf Scholz saw no reason to panic after shares in the country's largest bank fell up to 15% in trading. (Credit: Ludovic Marin—AFP via Getty Images)

When a full-blown crisis has erupted, lecturing people not to panic rarely helps. Sometimes it can even hurt.

That didn’t stop Germany’s Chancellor Olaf Scholz from trying anyway. The Social Democrat urged calm after shares in Deutsche Bank fell up to 15% on Friday.

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