Deutsche Bank seeks to reassure investors as shares slide

https://next-geebee.ft.com/image/v1/images/raw/http%3A%2F%2Fcom.ft.imagepublish.prod.s3.amazonaws.com%2F4c6895f4-4471-11e6-b22f-79eb4891c97d?source=next&fit=scale-down&width=600

Stock drops as much as 7% sparking sell-off in European banks

Deutsche Bank sought to convince investors that it did not need a government bailout and had no plans for a capital increase on Monday morning, even as its shares fell to their lowest level in more than 20 years.

Shares in Germany’s biggest bank sank by as much as 6.9 per cent to €10.63, the lowest since the lender began trading on the Xetra exchange in 1992, although it traded below that level in the early 1980s. The stock has fallen more than 50 per cent so far this year.

Continue reading