Deutsche Bank shares slump in Frankfurt trade
Deutsche Bank shares DBK, -8.43% slumped 8% in Frankfurt trade on Friday, as worries over bank sector health focus on another global systemically important bank.
Deutsche Bank’s 5-year credit-default swaps widened on Thursday, in what Reuters reported was the largest one-day rise in its history. Its AT1 bonds have tumbled in value after Switzerland wiped out Credit Suisse’s securities after the state-backed takeover by UBS.
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Deutsche Bank shares whipsaw after CDS blow-outDeutsche Bank shares dropped as much as 3.4% in Friday's premarket trade, after a sharp jump in the cost of insuring against the risk of default late the day before fuelled concerns about the overall stability of Europe's banks.
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Deutsche Bank shares slide 8% after sudden spike in the cost of insuring against its defaultDeutsche Bank shares fell 8% in early trade on Friday after a spike in credit default swaps on Thursday night, as concerns about the stability of Europe's banks persisted.
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