Deutsche Bank’s investors are hitting the panic button… again.
The stock dropped about 5% on Friday after reports that 10 hedge fund clients are reducing their dealings with Germany’s biggest bank. Earlier in the day losses reached more than 8%, taking the stock to a new low.
The action by the hedge funds, which was first reported by Bloomberg, is fueling anxiety about the bank’s financial health. Investors also have worries about whether the bank will be able to afford a looming U.S. fine for trading in toxic mortgages a decade ago.
