Get a Hartford Courant subscription for less than 29 cents per day
Topics

UBS AG

Deutsche Bank shares hit as markets fret over European banks

The CEO of Deutsche Bank reassured employees and markets that the company's finances were "rock-solid" as Europe's banks took another a beating in the stock market Tuesday.

Shares in Germany's biggest lender were down another 5 percent in afternoon trading in Europe. They're now down 23 percent since Jan. 28, the day bank reported a 6.8 billion euro ($7.5 billion) loss for 2015.

CEO John Cryan told employees in a message posted on the company's website that they can tell clients the bank's capital reserves and risk profile make it "rock-solid."

The bank's sagging shares reflect converging factors that are undermining bank shares across in Europe....

Loading
-2°