Deutsche Bank Shares Slide , as Cost of Default Insurance Rises.<br />Markets Insider reports that Deutsche Bank shares dropped 14% on March 24.<br />Its U.S.-listed shares dropped 11% <br />in premarket trading.<br />The losses occurred after insurance against default increased on March 23.<br />According to Refinitiv, the price of credit default swaps tied to the bank's bonds shot up from <br />142 basis points to 173 basis points in just one day.<br />That is the greatest one-day increase on record.<br />Banking system fears continue to mount in both the <br />U.S. and Europe following the closures of SVB and <br />Signature Bank as well as Credit Suisse's bailout by UBS.<br />Banking system fears continue to mount in both the <br />U.S. and Europe following the closures of SVB and <br />Signature Bank as well as Credit Suisse's bailout by UBS.<br />Banking system fears continue to mount in both the <br />U.S. and Europe following the closures of SVB and <br />Signature Bank as well as Credit Suisse's bailout by UBS.<br />Other European banks to endure <br />stock losses on March 24 include UBS and France's Société Générale, each dipping 7%.<br />Other European banks to endure <br />stock losses on March 24 include UBS and France's Société Générale, each dipping 7%.<br />and Germany's Commerzbank sliding 8%.<br />After the events of the last <br />few weeks investors are clearly jittery, particularly when it <br />comes to the banking sector, Michael Field, Morningstar equity analyst, to Markets Insider.<br />Deutsche has been through a <br />long restructuring period, selling <br />off toxic assets along the way, but there is still some investor skepticism around the quality of the bank, Michael Field, Morningstar equity analyst, to Markets Insider.<br />When banking shares are <br />being beaten up, as they <br />are today, Deutsche will likely <br />take it worse than peers, Michael Field, Morningstar equity analyst, to Markets Insider
