Pressure continues to mount on the chief executive of Germany's largest lender after its share price slid to nearly a two-year low.

 Deutsche Bank’s share price slumped to its lowest level since the crisis confidence of 2016, as analysts downgraded their buying recommendations following its lacklustre fourth-quarter results. 

The value of shares in Germany’s largest lender tumbled during Frankfurt trade to a value last logged in November 2016 after MainFirst analysts lowered their stock recommendation by referring to “need for substantial restructuring, including the closure of a number of businesses”, without specifying which ones. Bankhaus Lampe also lowered the target price, although retained its buy recommendation.

Deutsche Bank’s share price has slid 19.6 per cent since the beginning of the year, hurt by a net loss of €2.2 billion ($2.75 billion) it reported in the fourth quarter of last year – its lowest quarterly revenue since 2010. 

Chief executive John Cryan said the bank is still recovering from a regulatory battering in recent years, which has resulted in the bank shelling out billions of dollars to sweep a raft of legal cases under the carpet. In late 2016, the bank reached a $7.2 billion settlement with the US Department of Justice to resolve an investigation into the bank’s mis-selling of toxic mortage-backed securities in the run up to the 2008 financial tsunami. 

This week’s mass global stock sell-off further reduced the value of Deutsche Bank’s shares, which on Wednesday continued to decline while many rivals’ share prices rose. 

At the time of writing (12:06pm GMT, 2/9/18), the bank’s shares were down 2.58 per cent, trading at €12.47. 

To see Deutsche Bank’s fourth quarter results in full, click here.