Deutsche Bank's Shares Drop Amidst Rising Default Insurance Costs
TL;DR Summary
Deutsche Bank shares fell 8% in Frankfurt trade, and the Euro Stoxx bank index fell 4%. Deutsche Bank’s 5-year credit-default swaps widened on Thursday, in what Reuters reported was the largest one-day rise in its history. UBS also is feeling the stress in a deal that the banks say might not complete this year.
- Deutsche Bank shares slump in latest sign of bank worries MarketWatch
- Deutsche Bank shares slide 9% after sudden spike in the cost of insuring against its default CNBC
- Deutsche Bank shares plunge, default insurance hits four-year high Reuters
- Deutsche Bank shares tumble as cost of default insurance spikes Seeking Alpha
- Deutsche Bank Share Price Slumps as Credit-Default Swaps Surge Bloomberg
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