Deutsche Bank Stock Falls. More Jitters Drag Down the Sector.
Turmoil in the sector continues after the cost of insuring the lender against default rose.
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Turmoil in the sector continues after the cost of insuring the lender against default rose.
Deutsche Bank stock slides Friday and leads shares of European lenders lower, while Activision rises the most in the S&P 500 after the U.K. says it's no longer concerned Microsoft's acquisition of Activision would reduce competition in console gaming.
Investors search for the next weak link in European banking after Credit Suisse
Concern over Germany’s leading lender emerges days after Credit Suisse was forced into a takeover
Financial News Also this week: Monzo co-founder joins startup, Perella Weinberg nabs ex-Morgan Stanley dealmaker By Friday March 12, 2021 11:42 am Deutsche Bank has named Volkswagen chief financial officer Frank Witter as a new member of its supervisory board, replacing Alexander Schütz, the executive who came under fire for email communications with the boss of scandal-ridden payments firm, Wirecard. Witter's appointment will be voted upon at the bank's annual general meeting in May. He's set to retire from Volkswagen in June. His term was due to end in 2023....