The world’s banking crisis is spreading rapidly. First America, then Switzerland and now Germany are on its radar. The share price of Deutsche Bank in Germany has come down by 15 percent in one stroke. Read this news…
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The banking crisis that began with the collapse of Silicon Valley Bank in the US reached Europe via Credit Suisse. Now it is likely to knock in Germany as well. The stock price of Germany’s largest Deutsche Bank fell by 15 percent in one fell swoop when the bank’s investors started selling it.
A major reason for this sell-off in Deutsche Bank stocks is believed to be the economic crisis spreading globally and the resurgence of health concerns. The share price of the bank has registered a decline for the third consecutive day.
Stock closed down 8.5%
The share price of Deutsche Bank fell by 15 percent during the day’s trading on Friday. After this, there was a slight improvement in it, but at the end of the business, it lost 8.53 percent and closed at 8.54 Euro. Since the beginning of the year 2023 till now, its share price has declined by 21.94 percent.
(This news is being updated)