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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.
