Deutsche Bank Shares Slump 9% After Spike in Credit Default Swaps
This comes after a record surge in the cost of insuring against the risk of a default late in the previous day.
Deutsche Bank shares slumped 9 percent following a spike in credit default swaps on Thursday night amid wider concerns about the stability of the banking sector. This comes after a record surge in the cost of insuring against the risk of a default late in the previous day. The shares have now lost more than a fifth of their value so far this month. Jack Dorsey’s Wealth Tumbles USD 526 Million After Hindenburg Report Takes Aim At His Payments Firm Block, Says It Overstated User Numbers.
Deutsche Bank Shares Slump
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