Quick Take
Deutsche Bank AG (DB) is currently 15% down in share price — lower than 8 EUR. While DB credit default swaps hit 4-year highs. Contagion fears spread as US regional banks stocks hit new lows. European bank stocks have given up all their gains for 2023 — falling as much as 20% since earlier this month. Bitcoin holds firm above $28,000 — while Coinbase and Square head lower in pre-market trading.
DB CDS: (Source: Bloomberg)
BTC, Coinbase, Square: (Source: Trading View)
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