Deutsche Bank shares soar after days of losses
Posted February 10, 2016 6:00 am
FRANKFURT, Germany (AP) - Deutsche Bank shares have rebounded strongly after a news report that the bank may buy back some of its own bonds to strengthen its finances.
Shares rose 15 percent to 15.27 euros Wednesday in midday trading in Europe, following days of losses. Other bank shares also advanced in generally rising markets.
Deutsche Bank shares had fallen on worries over whether the bank could pay some of its obligations, and more generally by disappointment with the announcement Jan. 28 of a 6.8 billion euro loss for last year.
The rebound follows assurances from CEO John Cryan that the bank is "rock-solid" and that the bank can pay 350 million euros ($392 million) due on complex financial instruments by April 30.
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