FRANKFURT, Germany (AP) — Shares in Deutsche Bank fell sharply Friday, dragging down other major European banks and leading German Chancellor Olaf Scholz to express confidence in the country's largest lender after fears about the global financial system sent fresh shudders through the market.
Deutsche Bank shares closed down 8.5% on the German stock exchange after falling as much as 14%. That followed a steep rise in the cost to insure bondholders against the bank defaulting on its debts, known as credit default swaps.
Rising costs on insuring debt were also a prelude to Swiss lender Credit Su...
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