Deutsche Bank shares plummet as cost of default cover rises

(ANSA-AFP) - FRANKFURT, MAR 24 - Shares in Deutsche Bank dropped more than 10 percent on Friday as the cost of insurance against the risk of default surged, fuelling fears about a banking sector crisis. Around 1000 GMT, they were down 11.5 percent at 8.26 euros, the third consecutive session of declines in Frankfurt for Germany's biggest lender. Shares of its domestic rival Commerzbank dropped 8.5 percent while in Paris, Societe Generale was down 6.72 percent. (ANSA-AFP).

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