/ world today news/ Shares of the largest German lender, Deutsche Bank, fell by 9% in Frankfurt due to market concerns about the state of the bank.
By 0725 GMT (10:25 a.m. Bulgarian time), they were down 8.83% to 9.91 euros.
Shares of Deutsche Bank fell 7% in New York before the close on Wall Street on Thursday. Meanwhile, Asian markets in Hong Kong and Tokyo also lost ground on Friday morning on the German financial institution.
The decline comes after news emerged earlier that a group of hedge funds had pulled their money from the German giant over concerns about its financial stability. Bloomberg reported that the funds moved some of their money and derivatives from the bank to other locations.
AFP sources confirmed the withdrawal of assets of players such as Millennium Partners, Capula Investment and the British fund Rokos Capital Management.
Shares in Deutsche Bank have fallen since Monday in response to $14 billion in U.S. fines against the bank and mixed signals about whether Berlin would step in to bail it out if necessary. /AFP
Frankfurt / Germany
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