24-03-2023, 07:13 PM
The German lender’s share price was down 13.5%, as of 10.43am on Friday morning after its credit default swaps (CDSs) spiked to over 200 basis points (bps), up from 142bps on Thursday, taking its losses to 30.2% over the past two weeks.
The Euro Stoxx 600 Banks index fell 5.3% in the first hour and a half of trading with Germany’s Commerzbank down 10.3% while French banks Société Générale and BNP Paribas plummeted 8.3% and 6.5%, respectively. Finland’s Nordea Bank is down 8.5%.
The slide in Europe’s largest banks pulled the continent’s flagship indices down, with the FTSE falling 1.8%, while France’s CAC 40 and Germany’s Dax were down 2.2% and 2.1%, respectively.
https://www.etfstream.com/articles/deuts...ars-spread
The Euro Stoxx 600 Banks index fell 5.3% in the first hour and a half of trading with Germany’s Commerzbank down 10.3% while French banks Société Générale and BNP Paribas plummeted 8.3% and 6.5%, respectively. Finland’s Nordea Bank is down 8.5%.
The slide in Europe’s largest banks pulled the continent’s flagship indices down, with the FTSE falling 1.8%, while France’s CAC 40 and Germany’s Dax were down 2.2% and 2.1%, respectively.
https://www.etfstream.com/articles/deuts...ars-spread