Page 8 - Stuart Graham News Today

Shares of Deutsche Bank fell sharply Friday, dragging down other major European banks and leading German Chancellor Olaf Scholz to express confidence in the countrys largest lender after fears about the global financial system sent fresh shudders through the market.

A decision by Germany’s largest bank to repay some bonds early sparked a wider European rout. The German leader and the ECB boss urged calm.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

The widespread declines undermine hopes among authorities that the government-brokered rescue of Credit Suisse Group AG last weekend would stabilize the broader sector.

Central banks and regulators had hoped that the Credit Suisse rescue deal would help calm investor jitters about the stability of Europe's banks.

German titan’s sudden share price plunge sends investors scrambling

Central banks and regulators had hoped that the Credit Suisse rescue deal would help calm investor jitters about the stability of Europe’s banks.

FRANKFURT, Germany (AP) — Shares in Deutsche Bank fell sharply Friday, dragging down other major European banks and leading German Chancellor Olaf Sch

The German bank’s shares fell as much as 15 per cent before paring losses to end the day down 8.5 per cent in Frankfurt.

Deutsche Bank AG fell by the most in three years and the cost of insuring its debt against default rose, in a selloff that Citigroup Inc. analysts described as irrational.