Deutsche bank shares tumbled as much as 13% in trading hours with the contagion spreading to others banking stocks as well. UBS being down 5% as well. All this comes after the CS crisis and how its driving the market to lead to changes. Credit default swaps are at a 4 year high for Deutsche bank which has also gone through various management problems and restructuring. Money markets are currently seeing a high inflow as yields are coming down.
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