Deutsche Bank Credit Risk Tumbles as Sewing Pursues Timely Cuts
- Subordinated credit swaps fall for 11th day to two-month low
- Declining risk gauge hint investors back turnaround measures
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Deutsche Bank AG’s efforts to turn around its struggling investment bank are gaining traction with investors.
The cost of credit insurance on the bank’s riskiest debt fell for an 11th session on Monday, the longest streak of declines in more than two years, according to ICE Data Services. Swaps covering the bank’s safer bonds have also fallen to the lowest in months, the data show.