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Business > Top Business
Deutsche Bank shares plummet
By Agence France-Presse
Mar 26, 2023 12:39 am

FRANKFURT: Shares in Deutsche Bank fell heavily on Friday on the lender's surging cost of default cover, reigniting fears about a widening banking sector crisis.

Germany's biggest lender dropped more than 14 percent on the Frankfurt Stock Exchange in early trade before clawing back ground to close 8.5 percent lower, at 8.54 euros.

CONTAGION The headquarters of Deutsche Bank is pictured in Frankfurt, Germany on Friday, March 24, 2023. Shares from Germany’s biggest lender plummeted, sparking fears of a major crisis affecting the global financial sector. AP PHOTO

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