MW: Deutsche Bank shares slump in latest sign of bank worries

Businessman looks on collapse domino effect. Stress resistance business. Financial stability. Recovery business. Evaluation of cash risks. Creating a strategy. Management and planning. Decision making

By LoadstarEditorial

24/03/2023

MARKETWATCH reports:

Deutsche Bank shares slumped on Friday, putting the health of another globally systemic important bank in the spotlight heading into the weekend.

The German lender’s shares DBK, -13.24% fell 8% in Frankfurt trade, and the Euro Stoxx bank index SX7E, -6.19% fell 4%.

Deutsche Bank’s 5-year credit-default swaps widened on Thursday, in what Reuters reported was the largest one-day rise in its history.

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