Banking Fears Continue to Hammer Deutsche Bank and UBS Shares

Shares of Deutsche Bank and UBS Group fell sharply due to concerns that the worst problems in the banking sector since the 2008 financial crisis have not yet been contained. Deutsche Bank's shares have lost a fifth of their value so far this month, and the cost of its credit default swaps jumped to a four-year high. UBS was rushed into taking over Swiss peer Credit Suisse after the troubled lender lost the confidence of investors. The global banking sector has been rocked since the sudden collapse this month of two U.S. regional banks.