Deutsche Bank Admits ‘Perception Issue’ as Shares Slide

(Reuters) Deutsche Bank shares were indicated down 6.2 percent ahead of the opening of the Frankfurt market on Friday, after Germany’s largest lender admitted it had an image problem with investors as fresh concerns over its stability emerged.The lurch followed a Bloomberg report on Thursday that a number of hedge funds that clear derivatives trades with Deutsche had withdrawn some excess cash and adjusted positions, a sign that counterparties are wary of doing business with it.One large hedge fund in Asia had pulled out its collateral from Deutsche amounting to $50 million in the last two days.

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