Another German bank, Commerzbank is in trouble - BBC is reporting they are going to cut 9,600 jobs and "scale back" it's investment banking operation. They've also scrapped their dividend, which is a real sign of trouble, it means they're trying to retain as much cash in the company as possible.
The FT is reporting that hedge funds are pulling money out of Deutsche bank. They're like cockroaches - if they're leaving, the game is up.