News Formal

European stocks fall as Deutsche Bank sparks another bank rout

  • 📰 Reuters
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

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."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Deutsche Bank, First Republic weigh on bank stocksDeutsche Bank credit default swaps jitters weigh on big U.S. banks; First Republic stock moves lower as investors await official word of second capital...
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock Market Today: Dow Futures Fall; Deutsche Bank SlumpsStock futures fell on renewed concerns about banking stability. Shares of lenders dropped sharply in Europe, with Deutsche Bank down more than 10%. Congress needs to step up.
Source: WSJ - 🏆 98. / 63 Read more »