Deutsche Bank Share price

Lender sought to reassure investors Monday with a refreshed presentation of financial numbers.

Up to 50% off](https://www.wsj.com/coupons/walmart) [Wayfair Coupon - 20% Off](https://www.wsj.com/coupons/wayfair) Shares of the German lender rose 6%.

First Citizens Bank stock has gained over 50% in premarket trading, but this has been driven by the news that they've purchased $72 billion worth of assets ...

The best approach from an investment standpoint is to have exposure to all of them. At certain times the best returns will be found in banking, at others in tech, sometimes pharmaceuticals and sometimes manufacturing. Another bank that’s been in the headlines for all the wrong reasons lately is First Republic. First Republic Bank stock soared on Monday morning on news that they’d acquired the bulk of Silicon Valley Bank’s assets at a massive discount. Banks are generally considered to be some of the most stable and boring businesses there are. In total they’d managed to pick up $72 billion worth of deposits and loans, at a discount of $16.5 billion. It will allow them to access capital for certain long term bonds, without having to sell these down at the current market rates. There’s been a lot to unpack in banking over the past week. This saw a spike in Deutsche Bank credit default swaps, which jumped 200 basis points, the highest since 2019. Morgan Stanley fared worse, hitting a daily low of -6.55% before finishing the session down 5.57%. All in all a very minor and uninteresting development that surely didn’t warrant such a large selloff. [Value Vault Kit](https://learn.tryq.ai/blog/value-vault-kit?utm_campaign=Forbes&utm_medium=article&utm_source=Forbes), which takes a Warren Buffet-style value investing strategy, and tasks AI with finding the hidden gems.

Deutsche Bank's share price gained 5.3 per cent during Monday morning's trading after tanking on Friday as the cost of insuring the company's debt against.

“There is not yet the sense that the market has stopped looking for its next victim.” Shares in embattled lender First Republic were up more than 28 per cent, while the share prices of Western Alliance and PacWest jumped up 6.2 per cent and 11 per cent respectively. BNP Paribas rose 1.9 per cent, Santander climbed 0.9 per cent, while Unicredit was 1.2 per cent higher. Under the deal, First Citizens will assume SVB assets of $110bn, deposits of $56bn and loans of $72bn. Rupert Thompson chief economist at Kingswood said he thought Friday’s share price movements were “overdone” at Deutsche Bank. [it will acquire large parts of the loans and deposits](https://www.cityam.com/first-citizens-bank-to-acquire-silicon-valley-bank-in-attempt-to-stem-turmoil/) of SVB from the Federal Deposit Insurance Scheme (FDIC).

Deutsche Bank stock was trading as high as 4.4% in the green on the Frankfurt Stock Exchange's DAX index on Monday.

[regulators in the third-largest bank failure in the US.](https://nypost.com/2023/03/21/feds-can-protect-small-banks-if-crisis-expands-janet-yellen/) [$30 billion rescue package](https://nypost.com/2023/03/22/first-republic-bank-rescue-may-hinge-on-government-support/) put together by 11 of the country’s largest lenders after [its shaky balance sheet prompted worries](https://nypost.com/2023/03/16/jpm-morgan-stanley-in-deal-talks-with-first-republic-report/) it would be the next bank to fall. [will pay a discount of $16.5 billion to assume control](https://nypost.com/2023/03/26/first-citizens-said-to-be-near-deal-for-silicon-valley-bank-report/) over $72 billion worth of SVB’s deposits and loans, according to an announcement by the Federal Deposit Insurance Corporation. [after First Citizens stepped in to acquire a large chunk](https://nypost.com/2023/03/27/svb-deal-helps-to-steady-banks-amid-credit-crunch-concerns/) of failed lender Silicon Valley Bank. [Deutsche Bank rebounded on Monday](https://nypost.com/2023/03/24/deutsche-bank-drops-13-as-market-worries-persist/) — easing fears [for the shaky European banking system](https://nypost.com/2023/03/20/janet-yellen-is-selling-bank-crisis-short-as-execs-fear-dozens-more-teeter-on-brink/) following a slight drop in the cost of insuring the lender’s debt against default. [was the next financial lender that needed to be rescued](https://nypost.com/2023/03/26/why-the-us-banking-crisis-is-like-winter-in-europe/) — similar to Swiss giant Credit Suisse, which was acquired by its longtime rival UBS for a bargain price of $3.2 billion.