As if Deutsche Bank officials don't have enough to worry about this year, they also have to contend with money bleeding out of their exchange-traded products. Deutsche Bank has been a significant provider of ETF products and, thus far in 2016, its fairly expansive family of funds has seen nearly $6.7 billion in outflows – a roughly 33% decline in assets – leaving the bank with $13.3 billion in assets currently.

Most of the damage is due to an unwinding of one of 2015's hottest trades - currency hedging, with the expectation that the U.S. dollar was on a steady trek higher and European economic growth would pick up. That has not happened, and so the currency hedge trade has come undone.

"The challenge for them has nothing to do with the bank itself and more to with their assets are primarily focused on their international equity products," said Todd Rosenbluth, director of ETF and mutual fund research at CFRA. "Investors have been moving money out of those products in 2016, with concerns about economic prospects in Europe, concerns about Japan, and adding on to it the dollar has not done what it did last year."