Market fears forces Deutsche Bank to issue assurances over financial health

Discussion in 'Market News' started by Lily, Sep 30, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Shares hit a new low as hedge funds cut exposure and drives stock markets down in Asia and Europe

    Deutsche Bank is attempting to quash fears about its financial health as its shares crumbled to new lows on Friday, driving stock markets in Asia and Europe sharply lower.

    Shares in Germany’s biggest bank fell below €10 (£8.5) in early trading, a slide of 10% that had been foreshadowed overnight when they slumped in the US following a report by Bloomberg that 10 hedge funds had reduced their financial exposure to Deutsche Bank.

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