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European stocks fall as Deutsche Bank sparks another bank rout

  • 📰 Reuters
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As the week ended, investors once more grew concerned that the crisis for lenders may not be contained. Deutsche Bank fell for a third day, sinking more than 11% after a sharp jump in the cost of insuring the bank's bonds against the risk of default

fell 1.4%, but still posted a weekly gain supported by a sharp recovery earlier this week.

"Post what happened to Credit Suisse last weekend, investors don't want to hold on to positions that have any concern around them over the weekend, getting out of such positions is probably what we're seeing with Deutsche Bank," said Paul van der Westhuizen. "And, of course, there is money to be made if you're on the right side of an over-reaction in the stocks."

 

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