6/3/2019, 1:32 PM (Source: TeleTrader)
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Deutsche Bank plunges to €5.801 per share

While stocks in the Eurozone were down only modestly on Monday in midsession, Deutsche Bank AG continued to decline as one of the worst performers in the DAX index. The German flagship lender touched €5.801 for the first time amid fear for its future and the availability of funds needed for another massive restructuring effort. Profitability has remained an issue, as market rates have further plunged lately after years of a significant share of the segment with negative borrowing costs amid the European Central Bank's quantitative easing measures.

The ailing bank was 4.44% in the hole at 1:31 pm CET, selling for €5.817 per share. It lost 16.51% since the start of the year compared to a 10.76% rise in the benchmark stock index in Frankfurt. Equity markets have been on a downward slope in the past month on concern about the health of the global economy and the impact of the trade wars between the United States and its partners.

Deutsche Bank has set new all-time lows in eight out of 14 last trading days.

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