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Germany's Deutsche Bank is thrust into the investor spotlight and slumps 8.5% on Friday, March 24, alongside a sharp jump in the cost of insuring its bonds against the risk of default
Oil prices plunged on Friday morning as banking stocks in Europe crashed while the U.S. dollar rallied.
Confidence in European banks deteriorated further on Friday, with the cost of insuring against a debt default rising sharply as the profit outlook for the sector dimmed.... | March 24, 2023
By Amanda Cooper, Sruthi Shankar and Amruta Khandekar
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Banking stocks fell again on Friday, with shares in German giant Deutsche Bank knocked by worries that regulators and central banks have not yet contained the worst shock to the sector since the 2008 global financial crisis.