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Europe Stocks Tumble as Deutsche Bank Sinks to Fresh Record Low

  • Germany’s DAX slumps most since June 27 as all its shares drop
  • Stoxx 600 falls after biggest weekly surge in two months
Bloomberg business news

European Stocks Fall on Deutsche Bank Share Slump

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A plunge in banks put a halt to the optimism that lifted European equities last week, sending them to their biggest slumps since early July.

Growing worries over Deutsche Bank AG’s capital buffers dragged the stock to a fresh all-time low and cast a pall on its peers. A gauge tracking the firms trades at 0.66 times book value, less than any other industry group in the region and near a record low relative to the Stoxx Europe 600 Index.