Deutsche Bank is the latest target of banking-sector jitters. Shares in the European lending giant tumbled as investors turned wary in the aftermath of Credit Suisse Group troubles. The recent downfall of California-based Silicon Valley Bank led to a fire sale of Credit Suisse to rival UBS Group on March 19, further fanning concerns about the global financial system. Read More...
Reuters
Deutsche Bank shares plunge, default insurance at highest since 2018
LONDON (Reuters) -Deutsche Bank shares tumbled on Friday after the cost of insuring the bank’s debt against the risk of default shot to more than four-year highs, highlighting concerns among investors about the stability of Europe’s banks. The region’s banking sector has had a rough ride in the last week, with a state-backed rescue of Credit Suisse and turmoil among regional U.S. banks fuelling concerns about the health of the global banking sector. Deutsche shares, which have lost more than a fifth of their value so far this month, fell by as much as 14.9% on Friday to their lowest in five months.
