Deutsche Bank stock slid Friday, while Activision after the U.K. says it's no longer concerned Microsoft's acquisition of Activision would reduce competition in console gaming. 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.
