Deutsche Bank stocks have dropped to levels last seen during the 2008 financial crisis as investors are fleeing Germany’s biggest lender following its announcement of a multi-billion euro loss for 2015, DW reported. Deutsche Bank’s pain deepened on Thursday as shares tumbled more than 9% in midday trading, following its announcement of a net loss of €6.7 billion ($7.3 billion) for 2015. The bank blamed writedowns, litigation charges and restructuring costs for the plunge, fuelling concerns Germany’s biggest lender might now need to raise fresh capital to strengthen its finances.
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