The selloff in bank stocks continued Friday, weighing on global markets and suggesting that strains in the financial system have yet to be resolved.
Upheaval that began with the collapse of Silicon Valley Bank and two other U.S. lenders earlier this month spread to Europe with Credit Suisse’s forced sale to UBS last weekend. On Friday, Deutsche Bank’s Frankfurt-listed shares tumbled 8.5% as investors looked for the next trouble spot.
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