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Deutsche Bank shares drop amid global jitters over banks

March 24, 2023

Via: ABC News

Shares in Deutsche Bank fell sharply Friday, dragging down major European banks and leading German Chancellor Olaf Scholz to express confidence in the solidity of the country’s largest lender as fears about the global financial system sent fresh shudders through the markets.

Deutsche Bank shares tumbled 10.9% in early afternoon trading on the German stock exchange. It follows a steep rise in the cost to insure bondholders against the bank defaulting on its debts, known as credit default swaps.

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