Deutsche Bank, UBS stocks sink as fear of European banking crisis returns | CNN Business

. Europe’s Stoxx Europe 600 Banks index, which tracks 42 big EU and UK banks, closed 3.8% lower. The index is down 18% from its high in late February. London’s bank-heavy FTSE 100 index closed down 1.3%. Shares in Germany’s biggest bank, Deutsche Bank\n \n , plunged as much as 14.5% before paring its losses to close 8.5% lower. Shares in UBS\n \n and Credit Suisse\n \n were 3.6% and 5.2% down respectively.

Some analysts said investors had been rattled by Deutsche Bank’s announcement Friday that it would pay back one of its bonds five years before its maturity date. Investors would usually interpret such a move as a sign that a company is in good financial health and able to pay back its creditors early.

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The West imposed the largest sanctions in history on Russian banks, including removing them from the 'Swift' in order to bring them to bankruptcy..but what is happening is the collapse and bankruptcy of the largest banks in Washington, Europe, Switzerland and Germany 🤣✌️🇷🇺

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