Deutsche Bank's Financial Woes Spark Concerns in Banking Industry.
TL;DR Summary
Deutsche Bank suffered a sell-off after a sudden spike in the cost of insuring against its default, but analysts say it's unlikely to go down as Credit Suisse did. Customers in the US withdrew $98.4bn from banks for the week ended March 15, according to Federal Reserve data. IMF chief Kristalina Georgieva said recent bank collapses have increased risks to financial stability, but China's economic rebound may boost the world economy. Markets are turning their attention back to the banking sector, but prudence can quickly tip over into paranoia.
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