Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Independent UK
The Independent UK
National
Alastair Jamieson

Deutsche Bank shares plummet amid fresh market fears over financial stability

AP

Bank shares plunged across Europe on Friday amid fresh worries over the financial system, forcing the German chancellor to insist Deutsche Bank was not in danger.

The FTSE dropped by as much as 2.2%, wiping as much as £42bn off the value of major firms.

Shares in Deutsche Bank tanked by more than 14% before midday and credit default swaps – which are used by Deutsche’s bondholders as insurance should it fail – soared.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.