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Deutsche Bank CDS jump 21 basis points after stability concerns

Published 09/30/2016, 03:59 AM
Updated 09/30/2016, 04:00 AM
© Reuters. A statue is seen next to the logo of Germany's Deutsche Bank in Frankfurt

LONDON (Reuters) - The cost of insuring Deutsche Bank's (DE:DBKGn) debt against default jumped by 21 basis points on Friday after fresh reports over its stability rattled investors and sent shares to new all-time lows.

According to data provider Markit, credit default swaps

Deutsche Bank assets have come under pressure again following a Bloomberg report that a number of hedge funds clearing derivatives trades with Deutsche had withdrawn some excess cash and adjusted positions, a sign of counterparties being wary of doing business with Germany's largest lender.

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