Deutsche Bank Shares Slide 8% After Sudden Spike in the Cost of Insuring Against Its Default
Headline from NBC Los Angeles
Deutsche 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.
NBC Los Angeles's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Deutsche 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.
FRANKFURT, Germany (AP) — Shares in Deutsche Bank, Germany's largest lender, fell sharply on Friday, dragging down major European banks as fears about weaknesses in the global financial system send fresh shudders through the markets.
Deutsche Bank shares fell 13% on Friday after a spike in credit default swaps on Thursday night, as concerns about the stability of Europe’s banks persisted.
Shares of Deutsche Bank (DB) are sinking as the largest German bank has become the latest financial institution to be impacted from the fallout caused by the collapse of Silicon Valley Bank and Signature Bank in the U.S.
Shares for Deutsche Bank are down Friday amid concerns the German bank will pay higher costs for financial derivatives, called credit default swaps that insure bondholders against banks defaulting on debt.
