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Deutsche Bank Shares Slump 10%

The domino effect triggered by the collapse of the Silicon Valley Bank reached the German multinational investment bank, Deutsche. Deutsche Bank AG (ETR: DBK) price dropped by around 10% in the trading market session. However, the digital asset market looked calm amid the erupting banking crisis.

As per the data, Deutsche Bank’s share price is down by 10% to trade at $8.76, at the press time. However, Deutsche Bank AG (ETR: DBK) declined by more than 20% this month. Its credit-default swaps registered a surge as its five year credit default swaps expanded by 24 basis points. It now stands at 193 basis points.

(By Ashish Kumar)

Banking Crisis
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