The German bank was the worst performer on the STOXX 600, an index of European bank stocks, on Friday.
Deutsche Bank's shares dropped 11 percent on Friday and have now dropped 29 percent since the banking crisis began, sparking fears of a collapse.
Another bank is entering troubled territory amid the recent banking crisis that has spilled into global markets—this time in Germany. Friday's stock market news is the latest development related to the fallout from the failure of Silicon Valley Bank earlier this month, and the second involving a European bank.
The exterior of a Deutsche Bank on June 20, 2022, in Berlin, Germany. Deutsche Bank is facing fears of a collapse after shares dropped 11 percent on Friday morning, bringing those stocks down to a total of 29 percent since the bank chaos began on March 8.Although the government-brokered rescue of Credit Suisse was believed to stabilize European markets, it appears the contagion has been hard to contain.
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