By Evelyn Cheng@chengevelyn, Senior Writer, CNBC:

Anyone waiting for a government rescue of Deutsche Bank shouldn’t expect one just yet. The consensus of analysts who spoke with CNBC is that no government rescue is imminent, or even necessary yet, for the imperiled German financial institution, despite Deutsche Bank shares hitting all-time lows. “The German government ruled out state aid, but I don’t think anyone thought that Germany was going to” bail out the bank, said John Kay, visiting professor of economics at the London School of Economics and author of “Other People’s Money.”

“This stock is in free fall until management (makes a change),” said Ryan Mendy, COO at The Edge, a spinoff consulting group. He said the solution for Deutsche Bank’s financial struggles is separating operations into three different businesses — commercial retail, investment banking and asset management — which could eventually be purchased by other banks.

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