MW: A default wave is building, says Deutsche Bank. Here's how bad it may get.
MARKETWATCH reports: May is coming to an end with the Nasdaq Composite potentially registering a 6% ...
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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