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Bangkok Post
Bangkok Post
Business

Deutsche Bank shares plummet, fuelling fears

Deutsche Bank Deutsche European Union Olaf Scholz Berlin
Brave front: German Chancellor Olaf Scholz says 'no cause for concern'

BERLIN: Shares in Deutsche Bank fell heavily Friday on the lender's surging cost of default cover, reigniting fears about a widening banking sector crisis.

Germany's biggest lender dropped more than 14% on the Frankfurt Stock Exchange in early trade, before clawing back ground to close 8.5% lower, at €8.54 (314 baht).

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