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| Deutsche Bank Shares Plunge Over 10% as Risk of Default Cover Costs Soar |
Shares in Deutsche Bank have fallen by over 10% as the cost of insurance against the risk of default has surged, sparking concerns about a potential banking sector crisis. The shares of the bank were down for a third consecutive session, while its domestic rival, Commerzbank, fell 8.5% and Societe Generale was down by 6.72%. The situation has sparked concerns that the European banking sector could be in crisis.
