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Deutsche Bank loses more than 10% on the stock market

2023-03-24T10:11:22.708Z


As the cost of default coverage climbs, the German bank's stock plummets. The title of Deutsche Bank fell more than 10% on Friday after the sharp increase in the cost of insurance against the risk of default (CDS), which fuels concerns about the resilience of European banks. This Friday, the banking sector of the broader Stoxx Europe 600 index fell by 1.97% and European banks are struggling to reverse the trend. Around 10:00 GMT, the action lost 11.5% to 8.26 euros, ch


The title of Deutsche Bank fell more than 10% on Friday after the sharp increase in the cost of insurance against the risk of default (CDS), which fuels concerns about the resilience of European banks.

This Friday, the banking sector of the broader Stoxx Europe 600 index fell by 1.97% and European banks are struggling to reverse the trend.

Around 10:00 GMT, the action lost 11.5% to 8.26 euros, chaining a third session of decline in a row on the Frankfurt Stock Exchange.

Its rival Commerzbank (-8.50%) and in Paris Société Générale (-6.72%) are among the strongest declines affecting the entire sector.

More information to come...

Source: lefigaro

All news articles on 2023-03-24

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