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Deutsche Bank leads European bank stocks lower

Deutsche Bank leads European bank stocks lower

By: Nicholas Megaw

European bank stocks are slipping this morning, with Deutsche Bank shares falling back below €12, after some of the world’s top bankers joined the International Monetary Fund and European Central Bank in calling for wide-reaching reforms in the sector.

The Euro Stoxx banks index is down 1.4 per cent at publication time with Deutsche Bank leading the declines, as hopes the bank will reach a settlement with US regulators remain unfounded.

Here are some of the biggest movers:

  • Deutsche Bank: -2.5 per cent, €11.79
  • Commerzbank: -1.7 per cent, €5.58
  • KBC Groep: -2.1 per cent, €53.37
  • Banco Popular: -1.5 per cent, €1.103
  • Unicredit: -1.5 per cent, €2.09

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https://www.ft.com/content/a7486471-e144-330e-8c7f-b3e4d7fe403f

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